Woodside Clarifies no Hydrocarbons Found at Belicoso-1

There has been recent market speculation regarding the significance of the Belicoso-1 well as a requirement for the potential expansion of Woodside’s Pluto LNG facilities.

Belicoso did not encounter hydrocarbons, however the well intersected reservoir thickness and quality better than anticipated and analysis is ongoing. The result reinforces the exploration potential of the area and the company intends to fully explore the region.

Belicoso is one of many prospects in the Cazadores area of the Greater Carnarvon Basin. Woodside does not consider this single well result as critical for future expansion of the Pluto facilities.

Woodside continues to assess multiple options for obtaining gas for future Pluto trains, including exploration success in the Greater Carnarvon Basin, third party gas and gas from other areas.