0000000000-24-006913.txt : 20240905 0000000000-24-006913.hdr.sgml : 20240905 20240617093608 ACCESSION NUMBER: 0000000000-24-006913 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240617 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: WOODSIDE ENERGY GROUP LTD CENTRAL INDEX KEY: 0000844551 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-41404 BUSINESS ADDRESS: STREET 1: 11 MOUNT STREET STREET 2: PERTH CITY: WESTERN AUSTRALIA STATE: C3 ZIP: 6000 BUSINESS PHONE: (618) 9348 5036 MAIL ADDRESS: STREET 1: 11 MOUNT STREET STREET 2: PERTH CITY: WESTERN AUSTRALIA STATE: C3 ZIP: 6000 FORMER COMPANY: FORMER CONFORMED NAME: WOODSIDE PETROLEUM LTD DATE OF NAME CHANGE: 19881222 PUBLIC REFERENCE ACCESSION NUMBER: 0001193125-24-047077 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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M+:TO-PIE;F1S=')E86T*96YD;V)J"C$S(# @;V)J"CP\+U1Y<&4O0V%T86QO M9R]086=EV&U]1VKFG,:3PUG@#8 R:+!(:B- 0V"LE2/ M=\H(H7I& +/U)TA 4VJWW 9?I=?]#.D"UHJE.93E%R_+GWOY MFX#6_Z1P/QX'(15F?>87.E7YS%.P"SWGBSKU/JKKV*0VQ$X]A+B..7SDOZ*J MTG/[#=--:/.^$.OR(Z9E>J?#9P,R>C/B@A8GW@$57J@^"F5N9'-T%LP(#$V72])1"!;/&)A-F0P M9CDR-#0P,S@Q.69C,34P-SDP-C4U-&4V,69C/CQB839D,&8Y,C0T,#,X,3EF M8S$U,#')E9@HS,3$P,0HE)45/1@H! end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo June 17, 2024 Graham Tiver Chief Financial Officer WOODSIDE ENERGY GROUP LTD Mia Yellagonga, 11 Mount Street Perth, Western Australia 6000 Australia Re: WOODSIDE ENERGY GROUP LTD Form 10-K for the Fiscal Year Ended December 31, 2023 Filed February 27, 2024 File No. 001-41404 Dear Graham Tiver: We have reviewed your filing and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2023 Our Business Reserves Statement 2023 Proved Reserves, page 48 1. We note disclosure under the heading "International," here and throughout your filing, which appears to combine information for various individual countries. Please refer to the requirements for separate disclosure by geographic area in: Item 1201(d) of Regulation S- K relating to the disclosures required in Items 1202 through 1208 and in FASB ASC 932- 235-50-6 through 6B relating to the disclosures required in FASB ASC 932-235-50-4 through 50-36, and revise your disclosures accordingly or tell us why a revision is not needed. This comment applies to the following disclosures: Proved developed, proved undeveloped, and total proved reserves in Tables 1 and 2 on pages 48, 49, and 50 Graham Tiver FirstName LastNameGraham Tiver WOODSIDE ENERGY GROUP LTD Comapany June NameWOODSIDE ENERGY GROUP LTD 17, 2024 June 17, Page 2 2024 Page 2 FirstName LastName Proved Undeveloped Reserves Reconciliation in Table 3 on page 51 Capitalized costs on page A-1 Costs incurred on page A-2 Results of operations on page A-3 Standardized measure on page A-4 and Changes therein on page A-5 Volumes, Realized Prices and Operating Revenues By Product on pages A-9 Drilling and Other Exploratory and Development Activities and Present Development Activities on page A-15 Oil and Gas Properties, Wells, Operations and Acreage and Delivery Commitments on page A-16 Production, Average sales price, and Total average production cost on page A-17 2. We note you do not provide an explanation for the significant change in total proved reserves for the year ended December 31, 2021 relating to extensions and discoveries. Please expand your disclosure to explain the reasons for significant changes in the net quantities of total proved reserves for each line in the reserves reconciliation, other than production, for each period presented. Refer to FASB ASC 932-235-50-5 and Instruction 1 to Item 302(b) of Regulation S-K. 3. Please disclose if all proved undeveloped reserves (other than PUDs associated with Julimar Brunello) are scheduled to be fully developed within five years of initial booking. Additional Information Supplementary Information on Oil and Gas-Unaudited Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves (Standardized Measure), page A-4 4. You disclose your reserves evaluation used the unweighted average first-day-of-the-month market prices for the previous 12-months as prescribed by the SEC. Please consider expanding your disclosure to provide the actual SEC benchmark prices. Volumes, Realized Prices and Operating Revenues by Product, page A-9 5. Please expand your disclosure on page A-9 to explain the differences between Production volumes and Sales volumes, and to explain any differences with the disclosures of Production volumes and Average sales prices on page A-17. Additional Disclosures Oil and Gas Properties, Wells, Operations, and Acreage, page A-16 6. Please expand your disclosure to identify if there are any proved undeveloped reserves associated with the near-term expiring acreage. Production, page A-17 7. Please expand your presentation to additionally disclose production, by final product sold, Graham Tiver WOODSIDE ENERGY GROUP LTD June 17, 2024 Page 3 for each field or operational area that contains 15% or more of your total proved reserves for each period presented. Refer to the disclosure requirements in Item 1204(a) of Regulation S-K and the definition of a field in Rule 4-10(a)(15) of Regulation S-X. 8. Please expand or modify your disclosure of LNG and Pipeline gas to provide the production volumes and average sales prices in terms of MMcf per unit of gas produced. Refer to the disclosure requirements in Items 1204(a) and (b)(1) of Regulation S-K. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Sandra Wall, Petroleum Engineer, at (202) 551-4727 or John Hodgin, Petroleum Engineer, at (202) 551-3699 if you have questions regarding the engineering comments. FirstName LastNameGraham Tiver Sincerely, Comapany NameWOODSIDE ENERGY GROUP LTD Division of Corporation Finance June 17, 2024 Page 3 Office of Energy & Transportation FirstName LastName