NW Shelf developments on schedule

Woodside Petroleum has updated progress on three new projects on Australia's North West Shelf:

Offshore staff

PERTH --Woodside Petroleum has updated progress on three new projects on Australia's North West Shelf:

- North Rankin Redevelopment: Fabrication of the North Rankin B substructure is on schedule at the PT McDermott yard in Indonesia. Deck strengthening has started on the NRA platform to accommodate the interconnecting bridge, and topsides fabrication will get under way shortly

- Cossack Wanaea Lambert Hermes Redevelopment: The Keppel Tuas Shipyard in Singapore has begun refurbishment and conversion work on theFSO Okha, formerly in service off Sakhalin Island. Engineering design and procurement continue, with negotiations progressing for the related subsea scope

- Pluto LNG: By end-March construction was 55% complete. Pipelay operations started early this year, and the subsea team also installed six flow bases for the production wells. The 2009 Pluto expansion exploration campaign has already yielded a gas discovery, Martell-1, where wireline logs indicated a gross gas column of around 110 m (361 ft) in good quality reservoir sandstones.

Last week Woodside signed a Heads of Agreement between the State of Western Australia and the Kimberley Land Council on behalf of Traditional Owners, in regard to establishing an LNG precinct in the James Price Point area, north of Broome. This is Woodside's preferred site for processing LNG from its offshore gas fields in the Browse basin.

04/29/2009

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