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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Woodside Petroleum Ltd    WPL   AU000000WPL2

WOODSIDE PETROLEUM LTD

(WPL)
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Woodside Petroleum : signs agreement for long-term domestic gas supply

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11/20/2018 | 04:16am EDT

ASXAnnouncement

Woodside Petroleum Ltd.

ACN 004 898 962

Mia Yellagonga

Tuesday, 20 November 2018

11 Mount Street

Perth WA 6000

ASX: WPL

Australia

OTC: WOPEY

T+61 8 9348 4000

www.woodside.com.au

WOODSIDE SIGNS AGREEMENT FOR LONG-TERM DOMESTIC GAS SUPPLY

Woodside Energy Ltd (Woodside) has entered into a long-term gas sale and purchase agreement (GSPA) with Perdaman Chemicals and Fertilisers Pty Ltd (Perdaman) for the supply of pipeline gas for a term of 20 years.

The GSPA is for a quantity of approximately 125 TJ of gas per dayfor use in Perdaman'sproposed urea plant. Gas willbe supplied from Woodside's portfolio and primarily sourced fromWoodside'sproposed Scarborough development. The agreement is subject to a number of conditions and supply will commence between 2023 and 2025.

Execution of the GSPA follows a memorandum of understanding signed between Woodside and Perdaman in April 2018.

Woodside CEO Peter Coleman welcomed the finalisation of the GSPA and said it demonstrated thecompany'scommitment to delivering domestic gas to further support investment in the Pilbara region and create local jobs.

"This is a significant domestic gas sale and represents another step towards the delivery of the proposed Burrup Hub. The realisation of our vision for the hub will ensure that the world-class North West Shelf and Pluto facilities on the Burrup Peninsula are positioned to meet both domestic gas and global LNG demand for decadesto come," he said.

Perdaman is based in Western Australia and is proposing to build a two million tonne per annum urea plant on the Burrup Peninsula. Perdaman is part of the multi-national Perdaman Group.

Contacts:

INVESTORS

MEDIA

Damien Gare

Christine Forster

W: +61 8 9348 4421

M: +61 484 112 469

M: +61 417 111 697

E:christine.forster@woodside.com.au

E:investor@woodside.com.au

Disclaimer

Woodside Petroleum Ltd. published this content on 20 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 November 2018 09:15:03 UTC

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Sales 2020 4 936 M 3 533 M 3 533 M
Net income 2020 -4 328 M -3 098 M -3 098 M
Net Debt 2020 3 056 M 2 188 M 2 188 M
P/E ratio 2020 -4,77x
Yield 2020 2,44%
Capitalization 19 421 M 13 936 M 13 900 M
EV / Sales 2020 4,55x
EV / Sales 2021 4,25x
Nbr of Employees 3 834
Free-Float 99,7%
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Last Close Price 20,35 AUD
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NameTitle
Peter John Coleman Chief Executive Officer, Executive Director & MD
Richard J. B. Goyder Chairman
Fiona Hick Senior Vice President-Operations
Sherry Duhe Chief Financial Officer & Executive Vice President
Shaun Gregory CTO, Executive VP-Exploration & Technology
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