Woodside completes Scarborough acquisition

3/29/2018

PERTH -- Woodside advises that the acquisition of ExxonMobil’s interest in Scarborough gas field has been completed. The effective date of the transaction is Jan. 1, 2018.

Woodside has acquired an additional 50% interest in WA-1-R (which contains the majority of Scarborough gas field), and now holds a 75% interest in WA-1-R and a 50% interest in WA-61-R, WA-62-R and WA-63-R. These retention leases cover Scarborough, Thebe and Jupiter gas fields, which are estimated to contain gross (100%) contingent resources (2C) of 9.2 Tcf of dry gas. Woodside will operate all of these retention leases.

Woodside’s Best Estimate Contingent Resources (2C) have increased by 640 MMboe to 5,652 MMboe.

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