FOURTH QUARTER REPORT FOR PERIOD ENDED 31 DECEMBER 2020

Performance highlights 

• Delivered production of 24.9 MMboe, down 2% from Q3 2020, contributing to record annual production of 100.3 MMboe.

• Delivered sales revenue of $920 million, up 32% from Q3 2020.

• Delivered sales volume of 29.1 MMboe, up 9% from Q3 2020.

• Installed the Pluto water handling module on the Pluto offshore platform.

WOODSIDE EXPANDS LONG-TERM LNG SUPPLY AGREEMENT

Woodside Energy Trading Singapore Pte Ltd (Woodside) and Uniper Global Commodities SE (Uniper) have agreed to amend the binding long-term sale and purchase agreement (SPA) announced in December 2019 to increase the supply of LNG from Woodside’s global portfolio to Uniper.

The quantity of Woodside LNG to be supplied under the amended SPA has doubled. Initial supply commencing in 2021 is now for a volume of up to 1 million tonnes per annum (Mtpa), increasing to approximately 2 Mtpa from 2026.

The majority of LNG supply from 2025 is conditional upon a final investment decision on the development of the Scarborough gas resource offshore Western Australia. The 13-year term of the SPA is unchanged.