S&C Advises Woodside Finance in $2 Billion Debut SEC-Registered Debt Offerings

Woodside Finance, a wholly owned subsidiary of Australian petroleum exploration and production company Woodside Energy Group, completed its debut SEC-registered debt offerings of $2 billion of fixed-rate notes, guaranteed by Woodside, comprising of $1.25 billion of 5.100% Senior Notes due 2034 and $750 million of 5.700% Senior Notes due 2054.

Woodside is the largest Australian liquefied natural gas producer by volume and provides approximately 20 percent of the domestic Australian gas supply. Woodside's Australian portfolio consists of operated and non-operated oil and gas projects and its international portfolio includes assets in the Gulf of Mexico, the Caribbean and Senegal.

The S&C team advising Woodside included Wally Jones, Ben Fleming and Jin Lee. Paul Rota, Michelle Thiry and Jisoo Park provided valuable assistance at various stages of the offerings. Eric Wang, Saul Brander and Xiaxia Wan advised on U.S. taxation matters, and Vanessa Blackmore, Kirsten Rodger and trainee solicitor Anna McLaughlin advised on U.K./EU-related matters.