Woollybutt Field Still Producing at Reduced Rates

Production from the Woollybutt field offshore Australia is continuing at rates of around 28,000 bopd from the #1 well. Current operations involve designing and fabricating pipe-work modifications to re-establish production from the #2 well. It is anticipated that these modifications will be complete in around 4-6 weeks time. As previously reported, this is a topside mechanical issue only with the field performing as planned.

WA-25-L Joint Venture Partners are Eni Australia Limited at operator with 65%; Mobil Australia Resources with 20% and Tap Oil with the remaining 15%.