woodside in pre-open, page-2

SALE OF BLACKTIP AND PENGUIN INTERESTS
Woodside Petroleum Ltd. advises that its wholly owned subsidiary, Woodside Energy Ltd., has
agreed to sell its Blacktip and Penguin interests in northern Australia to Eni Australia BV.
Effective from 1 December 2005, Eni will buy Woodside’s interest in WA-279-P (53.85%),
containing the Blacktip gas field, and WA-313-P (50%) containing the Penguin field.
In addition, Eni will acquire Woodside’s interest in WA-34-R containing the Rubicon and
Prometheus fields. The sale of WA-34-R is subject to the consent of other joint venturers.
The sale of Woodside’s interests in all permits is subject to approval by Australian regulatory
authorities.
Total consideration for all three interests is US$30 million.