PREMIUM FEATURES

Woodside thinks big for 2006 but Tiof proves tricky. Analyst Wrap, November 18

WOODSIDE has big plans for 2006. Its production is forecast to increase about 30% next year up from the revised 2005 production target of 59 million barrels of oil equivalent. The company also said its 2006 drill activity would be up by 90% and exploration spending will reach A$500 million.

Francine Pennington

Woodside thinks big for 2006 but Tiof proves tricky. Analyst Wrap, November 18

Woodside plans to spend 40% of this figure on Gulf of Mexico exploration. The company will drill up to 23 wells in the Gulf – out of a total of 40 worldwide – up from only eight in the region in 2005....

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