Woodside operates a number of offshore wells in the North West Shelf, a huge new oil and gas field off the north-western coast of Western Australia, and is conducting exploration in a number of other areas off Western Australia and Victoria. In the United States, it is currently exploring several fields in the Gulf of Mexico. It operates a number of oil and gas fields off the coast of Mauritania, and is a partner in fields in Algeria, and holds exploration interests in Kenya, Libya, Sierra Leone, the Canary Islands.
The company employs around 2,100 people, and had a net profit after tax of 528 million AUD on revenues of 2,019 million AUD in 2003.
Woodside is Australia's largest publicly traded oil and gas exploration and production company with a market capitalisation of A$34 billion (US$30 billion).*
Woodside has a portfolio of assets, projects, development opportunities and exploration interests in twelve countries spanning five continents.
With proved plus probable reserves of almost 1.6 billion barrels of oil equivalent, in 2006 Woodside produced nearly 68 million barrels of oil equivalent.
WoodsidePetroleum Ltd., Australia's largest publicly traded petroleum company, on Friday extended its offer of $23 per share to acquire oilfield independent Energy Partners Ltd.
Energy Partners was founded in 1998 by Richard Bachmann, the company's chairman and chief executive officer, and has focused primarily on exploration as well as acquisition of mature oil fields in the Gulf of Mexico.
Woodside has been involved in U.S. exploration since 1999.
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