The Stybarrow oil field located in the Exmouth Sub-basin, approximately 65 kilometres from Exmouth, off the north west Australian coast. At a water depth of approximately 825 metres it will be the deepest oil field development ever undertaken in Australia. The Stybarrow project will involve a subsea development and a floating production, storage and offloading facility. The facility will initially produce about 80,000 barrels a day and will have a storage capacity of 900,000 barrels.

Vetco Gray is to supply Horizontal Christmas Trees, Multiplexed Electro-Hydraulic Production Controls and distribution equipment, Remote Connection Systems, and installation tooling and services to BHP Billiton. Bennex under a subcontract to Vetco Gray will deliver five Subsea Distribution Units (SDU) complete with hydraulic tubing, MQC plates, electrical splice boxes with Anguila hoses and connectors. The delivery also consists of nine Infield Subsea Umbilical Termination Assemblies (ISUTA) with a total of 36 Anguila Advanced Cable Terminations (ACT).

Modec is to provide a newbuild FPSO being fabricated at Samsung Heavy Industries in South Korea under a ten-year charter with ten, one-year options. FMC Technologies, Inc. has been awarded a contract for the supply of a turret mooring system for the FPSO. The value of the contract is approximately $62 million. The SOFEC® disconnectable internal turret mooring system will have 12 risers and umbilicals. Toyo Engineering has been awarded supply of the topside processing units. Toyo is responsible for engineering, procurement of equipment and materials, and module fabrication management. The topside modules are scheduled for completion in the third quarter of 2007.

Atwood Oceanic's 5000-foot water depth semi-submersible Atwood Eagle spuded the first of five Stybarrow production wells in September 2006. Three more wells are planned for water and gas reinjection. Development drilling is expected to be completed within nine months

Technip and Subsea 7 have won the $160 million subsea engineering, procurement, installation and construction contract for the design, manufacture, transport, installation and pre-commission about 48 kilometres of flexible risers, flowlines and jumpers. The contract also includes the transport, installation and pre-commissioning of about 16 kilometres of dynamic and static umbilicals and associated electrical and hydraulic flying leads, as well as the installation of the floating production, storage and offloading vessel spider buoy and mooring system. Work is expected to start early next year using Technip’s construction vessel Deep Pioneer.

Project costs for Stybarrow are about US$600 million, of which Woodside's share is 50% (about US$300 million). The remaining 50% is held by BHP Billiton (Operator). The Stybarrow project in Western Australia is scheduled to produce first oil in early 2008.