XML 133 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Subsidiaries
 12 Months Ended
Dec. 31, 2022
Text Block [abstract]  
Subsidiaries
E.8
 
Subsidiaries
(a) Subsidiaries
 
Name of entity
  
        Notes 
Ultimate Parent Entity
  
 
 
 
Woodside Energy Group Ltd
   
 
(1,2,3
) 
 
 
 
 
 
Subsidiaries
         
Company name
     
 
 
 
Woodside Energy Ltd
   
 
(2,3,4
) 
Woodside Browse Pty
Ltd
   
 
(2,4
) 
Woodside Burrup Pty Ltd
   
 
(2,4
) 
Burrup Facilities Company Pty Ltd
   
 
(5
) 
Burrup Train 1 Pty Ltd
   
 
(5
) 
Pluto LNG Pty Ltd
   
 
(5
) 
Woodside Burrup Train 2 A Pty Ltd
   
 
(2,4
) 
Woodside Burrup Train 2 B Pty Ltd
   
 
(2,4
) 
Woodside Energy (LNG Fuels and Power) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Domestic Gas) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Algeria) Pty Ltd
   
 
(2,4
) 
Woodside Energy Australia Asia Holdings Pte Ltd LOGO
  
 
(4
) 
Woodside Energy Holdings International Pty Ltd
   
 
(2,4
) 
Woodside Energy International (Canada) Limited LOGO
  
 
(4
) 
Woodside Energy (Canada LNG) Limited LOGO
  
 
(4
) 
Woodside Energy (Canada PTP) Limited LOGO
  
 
(4
) 
KM LNG Operating General Partnership LOGO
  
 
(9
) 
KM LNG Operating Ltd LOGO
  
 
(4
) 
Woodside Energy Holdings Pty Ltd
   
 
(2,4
) 
Woodside Energy Holdings (USA) Inc LOGO
  
 
(4
) 
Woodside Energy (USA) Inc LOGO
  
 
(4
) 
Gryphon Exploration Company LOGO
  
 
(4
) 
PT Woodside Energy Indonesia LOGO
  
 
(6
) 
Woodside Energy (Cameroon) SARL ∎
   
 
(4
) 
Woodside Energy (Gabon) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Indonesia) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Indonesia II) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Malaysia) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Ireland) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Korea) Pte Ltd LOGO
  
 
(4
) 
Woodside Energy (Korea II) Pte Ltd LOGO
  
 
(4
) 
Woodside Energy (Myanmar) Pte Ltd LOGO
  
 
(4
) 
Woodside Energy (Morocco) Pty Ltd
   
 
(2,4
) 
Woodside Energy (New Zealand) Limited LOGO
  
 
(4
) 
Woodside Energy (New Zealand 55794) Limited LOGO
  
 
(4
) 
Woodside Energy (Peru) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Senegal) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Tanzania) Limited LOGO
  
 
(7
) 
 
 
Name of entity
  
        Notes 
Woodside Energy Holdings II Pty Ltd
   
 
(2,4
) 
Woodside Power Pty Ltd
   
 
(2,4
) 
Woodside Power (Generation) Pty Ltd
   
 
(2,4
) 
Woodside Energy Holdings (South America) Pty Ltd
   
 
(2,4
) 
Woodside Energia (Brasil) Apoio Administrativo L
tda ●
   
 
(8
) 
Woodside Energy Holdings (UK) Pty Ltd
   
 
(2,4
) 
Woodside Energy (UK) Limited LOGO
  
 
(
4
) 
Woodside Energy Finance (UK) Limited LOGO
  
 
(4
) 
Woodside Energy (Congo) Limited LOGO
  
 
(4
) 
Woodside Energy (Bulgaria) Limited LOGO
  
 
(
4
) 
Woodside Energy Holdings (Senegal) Limited LOGO
  
 
(4
) 
Woodside Energy (Senegal) B.V. LOGO
  
 
(4
) 
Woodside Energy (France) SAS LOGO
  
 
(4
) 
Woodside Energy Iberia S.A. LOGO
  
 
(4
) 
Woodside Energy (N.A.) Ltd LOGO
  
 
(4
) 
Woodside Energy Services (Qingdao) Co Ltd LOGO
  
 
(4
) 
Woodside Energy Julimar Pty Ltd
   
 
(2,4
) 
Woodside Energy (Norway) Pty Ltd
   
 
(2,4
) 
Woodside Energy Technologies Pty Lt
d
   
 
(2,4,14
) 
Woodside Technology Solutions Pty Ltd
   
 
(2,4
) 
Woodside Energy Scarborough Pty Ltd
   
 
(2,4
) 
Woodside Energy Carbon Holdings Pty Ltd
   
 
(2,4
) 
Woodside Energy Carbon (Assets) Pty Ltd
   
 
(2,4
) 
Woodside Energy Carbon (Services) Pty Ltd
   
 
(2,4
) 
Woodside Energy (Financial Advisory Services) Pty Ltd
   
 
(2,4
) 
Woodside Energy Trading Singapore Pte Ltd LOGO
  
 
(4
) 
WelCap Insurance Pte Ltd LOGO
  
 
(4
) 
Woodside Energy Shipping Singapore Pte Ltd LOGO
  
 
(4
) 
Metasource Pty Ltd
   
 
(2,4
) 
Mermaid Sound Port and Marine Services Pty Ltd
   
 
(2,4
) 
Woodside Finance Limited
   
 
(2,4
) 
Woodside Petroleum (Timor Sea 19) Pty Ltd
   
 
(2,4
) 
Woodside Petroleum (Timor Sea 20) Pty Ltd
   
 
(2,4
) 
Woodside Petroleum Holdings Pty Ltd
   
 
(2,4,15
) 
Woodside Energy Global Holdings Pty Ltd
   
 
(2,4
) 
Woodside Energy Global Pty Ltd
  
 
(2,4
) 
Perdido Mexico Pipeline Holdings, S.A. de C.V.  LOGO
  
 
(10
) 
Perdido Mexico Pipeline, S. de R.L. de C.V. LOGO
  
 
(10
) 
Woodside Energy Investments Pty Ltd
  
 
(2,4
) 
Woodside Energia Brasil Investimentos Ltda. ●
   
 
(11
) 
Woodside Energia Brasil Exploração e Produção Ltda. ●
   
 
(4
) 
Woodside Energy (Great Britain) Limited LOGO
  
 
(4
) 
Woodside Energy (North West Shelf) Pty Ltd
  
 
(2,4
) 
Woodside Energy (Trinidad) Holdings Ltd LOGO
  
 
(4
) 
Woodside Energy
(Trinidad-3A)
Ltd LOGO
  
 
(4
) 
 
Name of entity
   
        Notes 
Woodside Energy USA Operations Inc LOGO
  
 
(12
) 
Hamilton Brothers Petroleum Corporation LOGO
  
 
(4
) 
Hamilton Oil Company LLC LOGO
  
 
(4
) 
Woodside Energy Boliviana Inc. LOGO
  
 
(4
) 
Woodside Energy (North America) LLC LOGO
  
 
(4
) 
Woodside Energy (Americas) Inc. LOGO
  
 
(4
) 
Woodside Energy (GOM) Inc. LOGO
  
 
(4
) 
Woodside Energy Hawaii Inc. LOGO
  
 
(4,16
) 
Woodside Energy Resources Inc. LOGO
  
 
(4
) 
Woodside Energy Holdings (Resources) Inc. LOGO
  
 
(4
) 
Woodside Energy USA Services Inc. LOGO
  
 
(4
) 
Woodside Energy Marketing Inc. LOGO
  
 
(4
) 
Woodside Energy (Deepwater) Inc. LOGO
  
 
(4,17
) 
Woodside Energy (Foreign Exploration Holdings) LLC LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 3) Limited  LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 6) Limited LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 5) Limited  LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 7) Limited LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 14) Limited LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 23A) Limited LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 23B) Limited  LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 28) Limited LOGO
  
 
(4
) 
Woodside Energy (Trinidad Block 29) Limited LOGO
  
 
(4
) 
Woodside Energy (Bimshire) Limited LOGO
  
 
(4
) 
Woodside Energy (South Africa 3B/4B) Limited LOGO
  
 
(4
) 
Woodside Energy (Egypt) Limited LOGO
  
 
(4
) 
Woodside Energy (Carlisle Bay) Limited LOGO
  
 
(4
) 
Woodside Energy (Mexico) Limit
ed LOGO
  
 
(4
) 
Woodside Energía Servicios Administrativos,S. de R.L. de C.V. 
  
 
(13
) 
Woodside Energía Servicios de México, S. de R.L. de C.V. 
  
 
(13
) 
Woodside Energy (Mexico Holdings) LLC LOGO
  
 
(4
) 
Operaciones Conjuntas, S. de R.L. de C.V. LOGO
  
 
(13
) 
Woodside Energía Holdings de México, S. de R.L. de C.V. LOGO
  
 
(13
) 
Woodside Petróleo Operaciones de México, S. de R.L. de C.V. LOGO
  
 
(13
) 
Woodside Energy (Australia) Pty Ltd
  
 
(2,4
) 
Woodside Energy (International Exploration) Pty Ltd
  
 
(2,4
) 
Woodside Energy (Bass Strait) Pty Ltd
  
 
(2,4
) 
Woodside Energy (Victoria) Pty Ltd
  
 
(2,4
) 
Woodside Energy Holdings LLC LOGO
  
 
(4
) 
Woodside Energy
(Trinidad-2C)
Ltd LOGO
  
 
(4
) 
Woodside Energy (Canada) Corporation LOGO
  
 
(4
) 
 
1.
Woodside Energy Group Ltd, previously Woodside Petroleum Ltd, is the ultimate holding company and the head entity within the tax consolidated group.
2.
These companies were members of the Australian tax consolidated group at 31 December 2022.
3.
Woodside Energy Group Ltd and Woodside Energy Ltd are parties to a Deed of Cross Guarantee.
4.
All subsidiaries are wholly owned except those referred to in Notes 5 to 13.
5.
Kansai Electric Power Australia Pty Ltd and Tokyo Gas Pluto Pty Ltd each hold a 5% interest in the shares of these subsidiaries. These subsidiaries are controlled.
6.
PT Woodside Energy Indonesia was incorporated on 27 April 2022. As at 31 December 2022, Woodside Energy Holdings Pty Ltd held a 99% interest in the shares of PT Woodside Energy Indonesia. Woodside Energy Ltd held the remaining 1% interest.
7.
As at 31 December 2022, Woodside Energy Holdings Pty Ltd held >99.99% interest in the shares of Woodside Energy (Tanzania) Limited and Woodside Energy Ltd held the remaining interest.
8.
As at 31 December 2022, Woodside Energy Holdings (South America) Pty Ltd held >99.99% interest in the shares of Woodside Energia (Brasil) Apoio Administrativo Ltda and Woodside Energy Ltd held the remaining interest.
9.
As at 31 December 2022, Woodside Energy International (Canada) Limited and Woodside Energy (Canada LNG) Limited were the general partners of the KM LNG Operating General Partnership holding a 99.99% and 0.01% partnership interest, respectively.
10.
As at 31 December 2022, Woodside Energy Global Holdings Pty Ltd held a 99.99% interest in shares of Perdido Mexico Pipeline Holdings, S.A. de C.V. and Perdido Mexico Pipeline, S. de R.L. de C.V. Woodside Energy Investments Pty Ltd held the remaining 0.01% interest.
11.
As at 31 December 2022, Woodside Energy Investments Pty Ltd held a 99.97% interest in shares of Woodside Energia Brasil Investimentos Ltda. Woodside Energy Global Holdings Pty Ltd held the remaining 0.03% interest.
12.
As at 31 December 2022, Woodside Energy Global Holdings Pty Ltd held 90% voting interest and 37.67% interest in shares of Woodside Energy USA Operations Inc. Woodside Energy Holdings LLC held the remaining 10% voting interest and 62.33% interest in shares.
13.
As at 31 December 2022, Woodside Energy (Mexico) Limited held a 99% interest in shares of Woodside Energía Servicios Administrativos, S. de R.L. de C.V., Woodside Energía Servicios de México, S. de R.L. de C.V., Operaciones Conjuntas, S. de R.L. de C.V. and Woodside Petróleo Operaciones de México, S. de R.L. de C.V. and 99.99% interest in shares of Woodside Energía Holdings de México, S. de R.L. de C.V. Woodside Energy (Mexico Holdings) LLC held the remaining
0.01%-1%
interest.
14.
Woodside Energy Technologies Pty Ltd owns 28.50% in Blue Ocean Seismic Services Limited which is accounted for as an investment in associate.
15.
Woodside Energy (North West Shelf) Pty Ltd and Woodside Petroleum Holdings Pty Ltd owns 16.67% in International Gas Transportation Company Limited respectively. This investment has been accounted for as an investment in associate.
16.
Woodside Energy Hawaii Inc owns 14.96% in Iwilei District Participating Parties LLC which is accounted for as an investment in associate.
17.
Woodside Energy (Deepwater) Inc owns 25% in Caesar Oil Pipeline Company LLC, 22% in Cleopatra Gas Gathering Company LLC and 10% in Marine Well Containment Company LLC. These investments are accounted for as an investment in associate.
All subsidiaries were incorporated in Australia unless identified with one of the following symbols:
 
◆
 
            Bermuda
 
 
            Mexico
 
 
            Singapore
●
 
            Brazil
 
u
 
            Indonesia
 
 
            Spain
∎
 
            Cameroon
 
 
            The Netherlands
 
 
            Tanzania
t
 
            Canada
 
 
            R. of Trinidad and Tobago
 
p
 
            United Kingdom

 
            China
 
 
            New Zealand
 
q
 
            United States


            France
 
 
            Saint Lucia
 
 
 
Classification
Subsidiaries are all the entities over which the Group has the power over the investee such that the Group is able to direct the relevant activities, has exposure, or rights, to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect the amount of the investor’s returns.
(b) Subsidiaries with material
non-controlling
interests
The Group has two Australian subsidiaries with material
non-controlling
interests (NCI).
 
  Name of entity
   
Principal place of business
   
                                            % held by NCI  
  
  Burrup Facilities Company Pty Ltd
   
Australia
   
 
10%  
 
  Burrup Train 1 Pty Ltd
   
Australia
   
 
10%  
 
The NCI in both subsidiaries is 10% held by the same parties (refer to Note E.8(a) footnote 5 for details).
The summarised financial information (including consolidation adjustments but before intercompany eliminations) of subsidiaries with material NCI is as follows:
 
   
2022
    
2021
    
2020
  
    
          US$m
    
                US$m
    
                    US$m
  
       
Burrup Facilities Company Pty Ltd
                        
       
Current assets
  
 
567
 
  
 
518
 
  
 
425
 
       
Non-current
assets
  
 
5,047
 
  
 
5,038
 
  
 
5,224
 
       
Current liabilities
  
 
(68
) 
  
 
(71)
 
  
 
(51)
 
       
Non-current
liabilities
  
 
(528
) 
  
 
(528)
 
  
 
(571)
 
       
Net assets
  
 
5,018
 
  
 
4,957
 
  
 
5,027
 
       
Accumulated balance of NCI
  
 
502
 
  
 
496
 
  
 
503
 
       
Revenue
  
 
889
 
  
 
858
 
  
 
859
 
       
Profit
  
 
489
 
  
 
328
 
  
 
318
 
       
Profit allocated to NCI
  
 
49
 
  
 
33
 
  
 
32
 
       
Dividends paid to NCI
  
 
(43
) 
  
 
(40)
 
  
 
(32)
 
       
Operating
  
 
601
 
  
 
633
 
  
 
652
 
       
Investing
  
 
(45
) 
  
 
(111)
 
  
 
(69)
 
       
Financing
  
 
(556
) 
  
 
(522)
 
  
 
(583)
 
       
Net increase/(decrease) in cash and cash equivalents
  
 
-
 
  
 
-
 
  
 
-
 
       
Burrup Train 1 Pty Ltd
                        
       
Current assets
  
 
429
 
  
 
435
 
  
 
372
 
       
Non-current
assets
  
 
2,900
 
  
 
2,915
 
  
 
3,081
 
       
Current liabilities
  
 
(119
) 
  
 
(110)
 
  
 
(103)
 
       
Non-current
liabilities
  
 
(325
) 
  
 
(345)
 
  
 
(385)
 
       
Net assets
  
 
2,885
 
  
 
2,895
 
  
 
2,965
 
       
Accumulated balance of NCI
  
 
289
 
  
 
290
 
  
 
297
 
       
Revenue
  
 
1,471
 
  
 
1,421
 
  
 
1,423
 
       
Profit
  
 
282
 
  
 
200
 
  
 
208
 
       
Profit allocated to NCI
  
 
28
 
  
 
20
 
  
 
21
 
       
Dividends paid to NCI
  
 
(29
) 
  
 
(27)
 
  
 
(13)
 
       
Operating
  
 
391
 
  
 
393
 
  
 
473
 
       
Investing
  
 
(55
) 
  
 
(4)
 
  
 
(2)
 
       
Financing
  
 
(336
) 
  
 
(389)
 
  
 
(471)
  
       
Net increase/(decrease) in cash and cash equivalents
  
 
-
 
  
 
-
 
  
 
-
 
 
 
(c) Deed of Cross Guarantee and Closed Group
Note not required for the purposes of US reporting.