32 Woodside Petroleum Ltd|Annual Report 2018

2018 HIGHLIGHTS

+Commenced FPSO, subsea and

drilling activities for Greater Enﬁeld

+Achieved 938 days without a

recordable injury on Nganhurra

FPSO

Woodside’s share of annual production in 2018 from Ngujima-Yin FPSO (Vincent ﬁeld)

was 1.3 MMbbl, down from 4.0 MMbbl in 2017 due to suspension of production on

1 May 2018 to support the Greater Enﬁeld Project. The FPSO transited to the Keppel

shipyard in Singapore to undertake maintenance and modiﬁcations as part of the

Greater Enﬁeld Project (see further information on page 39). Production is planned

to resume from mid-2019.

Woodside interest: 60%

Woodside’s share of annual production in 2018 from Okha FPSO (Cossack, Wanaea,

Lambert and Hermes ﬁelds) was 1.8 MMboe, down from 1.9 MMbbl in 2017 primarily

due to natural reservoir decline. Subsea life extension work will continue in 2019. There

is no major maintenance planned in 2019.

Woodside interest: 33.33%

Woodside’s share of annual production in 2018 from Nganhurra FPSO (Enﬁeld

ﬁeld) was 0.7 MMbbl, down from 0.9 MMbbl in 2017 due to natural reservoir decline.

Permanent cessation of production occurred in November 2018. In December 2018,

the FPSO departed the ﬁeld for cold lay-up in Labuan, Malaysia, ahead of planned

future divestment. Plugging and abandonment of wells and the decommissioning of

remaining subsea equipment will be subject to future stakeholder engagement and

regulatory submissions.

Woodside interest: 60%

AUSTRALIA OIL

CANADA

Woodside’s share of annual production from the Liard Basin in north-eastern British

Columbia was 1.2 MMboe, down from 1.3 MMboe in 2017 primarily due to natural

reservoir decline. Production is a result of the appraisal program being undertaken

to support the proposed Kitimat LNG development. Liard Basin production is

expected to cease in mid-2019.

2018 HIGHLIGHTS

+Commenced production from train 2

+Exceeded 2018 production targets

+Domestic gas plant export-gas

capable

Production at Wheatstone LNG (non-operated) has exceeded expectations in 2018,

highlighted by strong reliability at LNG train 1 and quicker than expected ramp up at

LNG train 2. Woodside’s share of annual production in 2018 was 9.1 MMboe.

Production from LNG train 1 has been steady

since start-up in October 2017 and continues

to demonstrate production rates above plan.

Production from LNG train 2 safely commenced in

June 2018 and reached full capacity within weeks.

A planned shutdown to remove commissioning

strainers was carried out in August 2018.

In 2018, Woodside otake from Wheatstone LNG

comprised 12 LNG and four condensate cargoes.

There are no planned major LNG maintenance

turnarounds scheduled in 2019.

Woodside interest: 13%

WHEATSTONE LNG

Wheatstone LNG

expected to contribute

annually, once fully

operational