Woodside Spuds Scallop-1 Well

Woodside reports that the Scallop-1 exploration well located in the Gippsland Basin was spudded on February 2, 2003. The Sedco 702 drill rig is drilling the well. The location is approximately 3 kilometers southeast of the East Pilchard-1 well. Water depth at the location is 110 meters. Planned total depth is 3126 meters.

Woodside's interest in Vic/RL2 is 30.0%. Other participants are Esso Australia Resources Pty Ltd (Operator) (25.0 %), BHP Billiton Petroleum Pty Ltd (25.0%), Santos Offshore Pty Ltd (20%).