Woodside Spuds Kua Tasi-2 Well Offshore Australia

Woodside Petroleum reports that the Kuda Tasi-2 appraisal well located in the Bonaparte Basin offshore Australia was spudded on October 18, 2003. On October 21, 2003 the operation was function testing the blow out preventers after setting 13-3/8 inch casing at 752 meters.

Transcoean Inc.'s semisub, Sedco 703, is drilling the well. The location is approximately 21 kilometers northeast of the Northern Endeavour FPSO producing from the Laminaria and Corallina oil fields. Water depth at the location is 425 meters. Planned total depth is approximately 3,550 meters.

Woodside's is operator of the JPDA 03-01 joint venture and holds 40%. The other participants are Inpex Corporation (35%) and Santos (JPDA 03-01) Pty Ltd (25%).