Woodside taking charge of Pluto area permit

Offshore staff

PERTH– Woodside Energy has entered into a sale and purchase agreement to acquire a 50% interest from Hess in an exploration permit offshore Western Australia.

If completed, Woodside will take a 100% operating interest in WA-404-P in the offshore Carnarvon Basin.

The permit contains the Martell, Noblige, Larsen and Larsen Deep gas discoveries, and other undrilled prospects undergoing exploration.

Woodside sees the acquisition as part of its strategy to obtain sufficient gas volumes to support potential expansions of the Pluto LNG Park.

10/29/2010