Media Release
Thursday, 1 September 2022

WOODSIDE-LED JOINT VENTURE AWARDED GREENHOUSE GAS ASSESSMENTPERMIT IN WA
Woodside Energy Ltd (Woodside), BP Developments Australia Pty Ltd (bp), Japan Australia LNG (MIMI) Pty
Ltd (MIMI), which is owned equally by Mitsubishi Corporation and Mitsui & Co., Ltd, Shell Australia Pty Ltd(Shell) and Chevron Australia Pty Ltd (Chevron), collectively referred to as the Joint Venture, have been
awarded the greenhouse gas assessment permit [G-10-AP] (the Permit), located in the Northern Carnarvon
Basin off the north-western coast of Western Australia.
The Permit, which is located approximately 125 km north-west of Dampier and covers an area of 1775 km2,contains the depleted Angel Gas Field. The Joint Venture has extensive existing data and knowledge of thefield following decades of petroleum exploration and production.
The permit award represents an important milestone for the Joint Venture as it continues to assess thetechnical, regulatory and commercial feasibility of capturing carbon emitted by multiple industries locatednear Karratha in Western Australia. The Joint Venture will now pursue evaluation and appraisal work toinvestigate the potential for the geological storage of carbon dioxide in the Permit area.
A multi-user carbon capture and storage (CCS) project near Karratha would be ideally located to aggregate
emissions from various existing sources. It would also have the potential to facilitate the development of newlower-carbon industries, such as the production of hydrogen and ammonia, by providing a local solution foremissions.
The size of the CCS facility is subject to the completion of additional technical, regulatory and commercialstudies, but notionally it could have a processing capacity of up to 5 million tonnes of carbon dioxide perannum.
Woodside CEO Meg O’Neill welcomed the award of the permit as another key step towards the developmentof a pioneering, multi-user CCS project near Karratha.
“The successful deployment of CCS in Western Australia has the potential to create new jobs, protect current
jobs and contribute to achieving greenhouse gas (GHG) emission reduction targets.
“For Woodside, it will be an important addition to our portfolio of carbon management options, as we work
towards our own aspiration of net zero by 2050,” she said.
MIMI Managing Director and CEO Hiroyuki Kurahashi said: “MIMI is pleased that the Permit was awarded tothe Joint Venture and we are excited to work with our partners in contributing to the environmental solution byhelping to manage and reduce CO2 emissions through this multi-user CCS project.”bp Vice President Australia Gas and Low Carbon Energy Rachael Risucci, said: “This is a fantastic
opportunity for bp, working alongside our joint venture partners, to leverage our deep global expertise andexplore the establishment of a large-scale, multi-user CCS hub to help decarbonise hard-to-abate sectors,
and underpin Australia’s energy transition.”
Shell Australia Country Chair Tony Nunan said: “At Shell, we believe carbon capture and storage will beessential for helping society achieve net-zero emissions, particularly for sectors of the economy that are hardto decarbonise.

“Based off the coast of Western Australia, the project will support both the Western Australian and Australianeconomies as they transition to a low-carbon future, and Shell is pleased to be working in collaboration with
our partners and government to play a role in that.”
Chevron Australia Manager Director Mark Hatfield said: “Chevron has a unique set of capabilities, assets,and customer relationships to support the further deployment of carbon capture and storage in Australia.
“Collaboration within the industry, as well as with government and customers, is going to be key in thedevelopment of this critical emissions reduction technology and we look forward to working with our joint
venture partners as we investigate the potential of this permit area.”
Woodside, bp, MIMI, Shell and Chevron will each hold a twenty percent (20%) participating interest in thePermit, with Woodside as Operator.

Contacts:MEDIA
Christine Forster
M: +61 484 112 469
E: christine.forster@woodside.com.auPage 2 of 3

About Woodside
We provide energy which Australia and the world needs to heat and cool homes, keep lights on and enableindustry. We have a reputation for safe and reliable operations. We aim to thrive through the energy
transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio. Our hydrocarbon
business is complemented by a growing portfolio of hydrogen, ammonia and solar opportunities in Australia
and internationally. Our new energy opportunities include the proposed hydrogen and ammonia projects
H2Perth and H2TAS in Australia and the proposed hydrogen project H2OK in North America.
About CCS
CCS is the process of capturing CO2 from industrial activity that would otherwise be released into theatmosphere and injecting it into deep underground geologic formations for safe, secure and permanentstorage.
The UN Intergovernmental Panel on Climate Change (IPCC) reports that “anthropogenic CO2 removal(CDR) has the potential to remove CO2 from the atmosphere and durably store it in reservoirs (highconfidence). CDR aims to compensate for residual emissions to reach net zero CO2 or net zero GHG
emissions or, if implemented at a scale where anthropogenic removals exceed anthropogenic emissions, tolower surface temperature.” (IPCC 2021: “Climate Change 2021, the physical science basis. Summary forPolicymakers” (Working Group 1 contribution to the Sixth Assessment Report)).

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