Woodside Energy Group Ltd. – history, company profile (overview) and corporate video
Woodside Energy Group Ltd. (formerly Woodside Petroleum Ltd.) is a global energy company headquartered in Perth, Western Australia, Australia. Its operations cover gas, oil, and new energy.
The company’s global portfolio includes oil and gas assets and interests in Australia, the Gulf of Mexico (U.S.), the Caribbean, Senegal, and Timor-Leste.
HISTORY
Woodside was established in 1954 as Woodside (Lakes Entrance) Oil Co. NL. The company adopted the name from the small town of Woodside in Victoria, Australia, which is close to its oil leases. The company began to explore a 520 sq km strip of land along Ninety Mile Beach in the south Gippsland region.
In 1956, the company secured the first offshore exploration license to be granted in Victoria: a 2600 sq km stretch off Ninety Mile Beach that extended 2km into Bass Strait, off southern Australia.
In 1957, Woodside drilled to world-record water depths in the Bass Strait off southern Australia.
In 1963, Woodside paid for a permit to explore 370,000 km2 off the Western Australian coast, resulting in the formation of the original North West Shelf Venture between the Burmah Oil Company of Australia, Shell Development Australia, and Woodside.
In 1964, the first aeromagnetic surveys were conducted over the North West Shelf.
In 1968, Woodside found its first oil at the Legendre field on the North West Shelf.
In 1971, Woodside made major gas and condensate discoveries at Scott Reef, north of Broome, and at North Rankin and Angel, north of Karratha on the North West Shelf.
In 1972, The Goodwyn gas and condensate field was discovered, west of North Rankin on the North West Shelf. The North West Shelf fields provided the basis of the A$19 billion North West Shelf Project, then Australia’s largest resource project.
In 1984, the first gas was received onshore via the subsea trunk line from the North Rankin platform. North Rankin A is one of the world’s largest fixed leg platforms.
In 1989, the first LNG cargo from the North West Shelf Project arrived in Tokyo, Japan, on board The Northwest Sanderling.
In 1992, Western Legend, one of the world’s most sophisticated seismic vessels of the day, began what was the biggest 3D seismic program ever undertaken in Australia.
In 2005, the Pluto gas field was discovered in the north-west of Western Australia.
In 2022, Woodside and BHP Petroleum merged to form a new global energy company.
OPERATED ASSETS
- Pluto LNG – LNG production facilities;
- North West Shelf Project – LNG production facilities;
- Australia Oil – fleet of oil-producing facilities;
- Macedon – offshore gas field;
- Shenzi – conventional oil and gas field;
- Greater Angostura – offshore conventional oil and gas.
With more than 4,000 employees, Woodside Energy Group Ltd. is considered one of Australia’s largest oil and gas exploration and production companies. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.woodside.com.
**Video published on YouTube by “Woodside Energy“
