6 Woodside Petroleum Ltd|Annual Report 2018
NORTH WEST SHELF
AUSTRALIA OIL
PLUTO LNG
WHEATSTONE LNG
GREATER
WESTERN
FLANK
PHASE 2
GREATER
ENFIELD
DELIVERING
THE STRATEGY
of production
2020
targeting
+ Complete subsea works
and FPSO modifications
+ Complete drilling wells
+ Commence production
+ Commence domestic gas production
+ Reduce operating cost
MARKET
3LNG demand increasing
3Low point of the
development cost cycle
3 Competitive, motivated
contractors
RESOURCES
3 Significant conventional
resources well matched
to existing infrastructure
CAPABILITY TO DELIVER
3 Experienced people with
proven project delivery record
3Low cost operator
3 Prudent capital management
strategy, with balance sheet
strength
HORIZON I
2017-2021
OUTSTANDING BASE
BUSINESS
2019 PRIORITIES
2019 PRIORITIES