Woodside Petroleum (WPL)

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The parent company of the Woodside Group of Companies, the Woodside Petroleum Limited (WPL) is an Australian-based company engaged in the operation and management of hydrocarbon exploration, production, development, marketing and transportation, operation and implementation of the North West Shelf Gas Project as well as the condensate reserves, gas and oil exploration and development. WPL was listed on the Australian Stock Exchange on the 18th of November 1971. Its average annual revenue reaches approximately $3 billion out of its issued capital of approximately $700 million. Its headquarters is located in Perth, Australia and to date; around 3000 people are employed in the company. Woodside Petroleum Limited operates through its three main activities: development projects, development opportunities and exploration.

The development opportunities activity of Woodside Petroleum Limited includes the Victoria, South Australia Thylacine-Geographe gas project; Karratha gas plant expansion and this expansion includes the 5th production train; Angel gas and condensate field development, Perseus over Goodwyn project; and the Vincent oil field development in North West Cape in the Western Australia.

The development process activity of Woodside Petroleum includes the new business opportunities maturity from the discovery of exploration and acquisition to the extent that the opportunity for this is handed over for the execution of the project. The team in this activity created a concept of schedules and cost estimates for the proposed project.

WPL's Exploration activity of the company includes acreage security, data processing and interpretation, seismic acquisition, prospect drilling and evaluation.

Woodside Petroleum (WPL) Company History

In 1954, the company’s name was Woodside Oil Company when it was established. Fourteen years later, the company’s name was changed to Woodside Oil, and then 9 years after that, again changed their name to Woodside Petroleum. Woodside began its business enterprise after being approved with exploration rights in the North West Shelf. In 1971, Woodside and Mid Eastern Oil acquired Vamgas. In 1972, Burmah merged with both companies.

The company gave Shell and BHP 40 percent interests each in 1985. In 1994, the BHP sold 75 percent of its shares in Woodside and the other 25 percent four years after. Also, Shell reduced 6 percent of its share in the company.

The company acquired Sierra Leone's exploration acreage in West Africa, and discovered the Gulf of Mexico’s Midway field during 2004. Also, the company moved their headquarters to Perth making two board changes. The company’s position of Managing Director has been given to Don Voelte as well as the Chief Executive. The position of Chief Operating Officer was given to Keith Spence; it was the company’s first operating position. Woodside Eastern Energy was given an advice by its main to sell the assets of Kipper in 2005. The company has the full ownership of its subsidiary when they acquired Woodside Energy in the very same year.

Woodside Petroleum (WPL) Products and Services

Woodside Petroleum is primarily involved in oil and gas exploration and production: among their various products and services are:

  • Natural gas
  • Crude oil
  • Liquified natural gas (LNG) and liquid petroleum gas

Woodside Petroleum Competitors

  • Arc Energy Ltd
  • Avatar Industries Ltd
  • Beach Petroleum Ltd
  • Oil Search Ltd
  • Petsec Energy Ltd
  • Roc Oil Company Ltd
  • Santos Ltd
  • Tap Oil Ltd

Woodside Petroleum (WPL) Locations and Subsidiaries

Woodside Petroleum Ltd Headquarters
Woodside Plaza 240 St
Georges Tce Perth WA 6000
Ph: (08) 9348 4000
Fax: (08) 9214 2777

Woodside Petroleum Ltd.
Level 9 313 La Trobe Street
Melbourne 3000
Ph: (03) 9252 2000 Fax: (03) 9252 2099

Woodside Petroleum Ltd.
Burrup Peninsula Karratha 6714
Ph: (07) 9348 4000 Fax: (07) 9158 8000

Woodside Petroleum Ltd.
NT House Level 8 22 Mitchell Street
Darwin 0800
Ph: (08) 8980 2700 Fax: (08) 8980 2710

Woodside Petroleum Ltd Subsidiaries

Woodside Mauritania Pty Ltd
Woodside Energy Limited
Woodside Financial Services Ltd.
Woodside Petroleum Development Pty Ltd
Woodside Holdings Pty Ltd
Woodside Petroleum Timor Sea (19) Pty Ltd
Woodside Petroleum (Northern Operations) Pty Ltd
Woodside Petroleum (WA Oil) Pty Ltd
Australia LNG Pty Ltd
Woodside Executive Superannuation Fund Pty Ltd
Woodside Finance Ltd.
Woodside LNG Pty Ltd
Mermaid Sound Port & Marine Services Pty Ltd
Mid-Eastern Oil Ltd.
Woodside Group Staff Superannuation Pty Ltd
Woodside Petroleum (Timor Sea 4) Pty Ltd
Glyde Point Pty Ltd
Woodside Petroleum Holdings Pty Ltd
Woodside Development Asia Pty Ltd
Woodside Petroleum (Timor Sea 3) Pty Ltd
Woodside Petroleum Timor Sea (20) Pty Ltd
Woodside Offshore Petroleum Pty Ltd
Woodside Petroleum (PNG) Pty Ltd
Woodside Petroleum (Timor Sea 1) Pty Ltd
Woodside South East Asia Pty Ltd

Other Woodside Petroleum Ltd Details

Woodside Petroleum Ltd Year Established: 1954
ACN: 004 898 962
D-U-N-S: 753366038
ABN: 55004898962
Previous Company Names: Woodside-Burmah Oil NL

Woodside Petroleum (WPL) Share Price

Submitted by Share Trading on 13 June, 2008 - 23:09

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