Stybarrow Project Produces First Oil

Production has begun from the Stybarrow Oil Project, in which Woodside has a 50% non-operator interest. Production has started from the Eskdale field and subsequent production will be from the Stybarrow field in the coming weeks. Initial production is expected to be minor, with a ramp-up period of several months to expected plateau production rates of around 50,000 to 60,000 barrels of oil a day.

Oil will be produced by a floating production storage and offloading facility, Stybarrow Venture, which is located about 65 kilometres north-west of Exmouth, Western Australia. The FPSO has a maximum production rate of about 80,000 barrels per day and a storage capacity of about 900,000 barrels of oil. Water depth at the FPSO location is 825 metres. The Stybarrow development is in production licence WA-32-L. Joint venture participants are Woodside Energy Ltd. (50%) and BHP Billiton (50% and operator).