Woodside Spuds Skiddaw-1

Woodside Petroleum has revealed that the Skiddaw-1 exploration well located in permit WA-255-P within the Exmouth Sub-basin was spudded last week. On May 13, 2003 the operation was preparing to drill ahead in 8-1/2 inch hole after setting 9-5/8 inch casing. The well is being drilled using the Atwood Falcon semisubmersible. The well location is approximately 3.5 kilometers east of the recent Stybarrow oil discovery in WA-255-P and approximately 2.5 kilometers north of Laverda-2 in WA-271-P. Water depth at the location is approximately 780 meters. Planned total depth is approximately 2,200 meters.

Equal joint venture participants in WA-255-P are BHP Billiton Petroleum (Australia) Pty Ltd (operator) and Woodside Energy Ltd.