Woodside Petroleum Ltd| Overview 5
NEW GROWTH
PLATFORMS
+Completed the Shwe Yee Htun-2 appraisal well
in Myanmar, confirming good reservoir quality
+ Developing new markets in LNG: trucking
and shipping
BROWSE TO
NORTH WEST
SHELF PROJECT
+Commenced concept definition phase
+Agreed a preliminary tolling arrangement between
the NWS Project and the Browse Joint Venture
+Referred the project for State and Commonwealth
environmental approvals
FINANCIAL
+Generated $5,240 million in operating revenue
+Generated $1,524 million in free cash flow
+Reduced gearing to 12%
+Secured equity funding for growth projects
OPERATIONAL
+Record LNG production of 72 MMboe
+Reduced unit production cost to
$5.1/boe