Woodside Petroleum Ltd| Shareholder Information 151
Investment
2018 2017
Australia 83% 76%
Canada 4% 4%
Rest of world 13% 20%
The majority of our 2017 investment was in Australia.
Investment
2018 2017
Gas and condensate* 51% 52%
Oil* 27% 24%
Exploration and other 22% 24%
*Indicative only as some assets produce oil and
gas.
Our investment expenditure was primarily directed at
Wheatstone LNG, the Greater Enfield and NWS subsea
tieback projects, and exploration.
Production
2018 2017
Natural gas* 86% 83%
Oil 4% 8%
Condensate 10% 9%
* Includes LNG, LPG and pipeline gas.
The majority of our production is from natural gas produced
through the Pluto LNG and NWS facilities.
Reserves (Proved plus Probable)
2018 2017
Australia 100% 99%
Canada 0% 1%
Rest of world 0% 0%
The majority of Woodside’s Proved plus Probable reserves
are located in Australia.
Summary charts
Product view Regional view
Production
2018 2017
Australia 99% 98%
Canada 1% 2%
Rest of world 0% 0%
Australian assets continue to provide the majority of
Woodside’s production volumes.
Sales revenue
2018 2017
Natural gas* 80% 78%
Oil 6% 11%
Condensate 14% 11%
* Includes LNG, LPG and pipeline gas.
Gas, largely sold as LNG, continues to provide the majority
of our sales revenue.
Sales revenue
2018 2017
Australia >99% 99%
Canada <1% <1%
Rest of world 0% 0%
* Includes LNG, LPG and pipeline gas.
The majority of our revenue is currently derived from Australia.
Reserves (Proved plus Probable)
2018 2017
Dry gas 86% 86%
Oil 5% 5%
Condensate 9% 9%
Gas represents the largest portion of Woodside’s Proved
plus Probable reserves.