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April 01, 2015 2:01 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Woodside Energy Ltd.

Company Overview

Woodside Energy Ltd. explores, develops, and produces hydrocarbon and hydrocarbon products. The company also operates the North West Shelf Project's facilities. The company was incorporated in 1954 and is based in Perth, Australia. Woodside Energy Ltd. operates as a subsidiary of Woodside Petroleum Ltd.

Woodside Plaza

240 St Georges Terrace

Perth, WA 6000

Australia

Founded in 1954

Phone:

61 8 9348 4000

Fax:

61 8 9214 2777

Key Executives for Woodside Energy Ltd.

Chief Financial Officer
Compensation as of Fiscal Year 2014.

Woodside Energy Ltd. Key Developments

BG Group and Woodside to Invest $1.1 Billion in Myanmar

BG Group Plc and Woodside Energy Ltd. will invest up to $1.1 billion in oil and gas exploration in Myanmar. The companies were the winners of an auction of four offshore blocks comprising two shallow water and two deepwater blocks, held last year by the government of Myanmar. The four blocks AD-2, AD-5, A-4 and A-7 are located in the Rakhine Basin in the Bay of Bengal, off the coast of Myanmar's western Rakhine state. The investment in the shallow blocks A-4 and A-7 will be approximately $545 million while the deepwater blocks AD-2 and AD-5 will cost $535 million and the projects will take around seven to eight years to complete.

Chevron Planning To Sell Asset; Buyers Reportedly Interested

Chevron Corporation (NYSE:CVX) is planning to sell its exploration permits in the region off the far north-west coast, Browse Basin. According to the news report, bids for the assets have closed and Chevron is now sifting through offers for the acquisition of part or all of its exploration permits in the basin off the far north-west coast, representing a further rejig of interests in the area. It added that Chevron's sale of these permits may not result in a complete departure. Possible bidders include Royal Dutch Shell plc (ENXTAM:RDSA), Inpex Corporation (TSE:1605), Total SA (ENXTPA:FP), and Santos Limited (ASX:STO). Woodside Energy Ltd., PetroChina Co. Ltd. (SEHK:857), and Osaka Gas Co., Ltd. (TSE:9532) may also be interested.

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Recent Private Companies Transactions

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