• Woodside Petroleum Ltd (WPL) is the ultimate holding company of the Woodside group of companies. WPL has a number of subsidiaries who have joint venture interests in certain Australian and overseas oil and gas projects, and who also operate some of those projects. Where a WPL subsidiary operates projects on behalf of joint venture participants, it may engage with Government and other stakeholders on behalf of all the joint venture participants. From time to time, some of those joint venture participants may meet the definition of “Foreign Principal” under the Foreign Influence Transparency Scheme Act 2018 (Cth) (the Act).
• Activities that relevant WPL subsidiaries have undertaken and are expected to undertake under relevant joint venture arrangements include submitting applications for government approvals where required under legislation; engaging in the development and review of legislation and policy that affect its projects; and providing information and advice to parliamentarians, public servants and other stakeholders in the community in respect of those approvals, policy matters, regulatory compliance and other such matters relevant to the business of Woodside and its joint ventures that may be required.
• Woodside has business ventures outside Australia, of which it keeps the Australian Government apprised and for which from time to time it receives the trade and consular support of Australia’s diplomatic missions amongst other agencies. When Woodside entities or their representatives engage with the Australian Government on Woodside’s overseas ventures, they may also be acting on behalf of fellow joint venture participants in those businesses, which may include qualifying Foreign Principals under the Act.
• WPL is registering these activities on behalf of itself and its subsidiary entities and representatives who may from time to time engage in the activities on behalf of fellow joint venture participants who may be qualifying Foreign Principals under the Act.
|Description of the arrangement with the foreign principal
A number of WPL subsidiaries (which at the time of lodging this registration were: Woodside Energy Ltd; Woodside Petroleum (Timor Sea 19) Pty Ltd; Woodside Petroleum (Timor Sea 20) Pty Ltd), collectively “Woodside”) are joint venture participants in the Greater Sunrise Joint Venture, of which Woodside is also the Operator. The Greater Sunrise Joint Venture includes petroleum titles in both Timor Leste and Australian jurisdictions. Under the relevant joint venture arrangements, Woodside may from time to time undertake the registered activities on behalf of its fellow joint venture participants which include Timor Gap subsidiary companies (which at the time of lodging this registration were: Timor Gap Greater Sunrise RL, Unipessoal, LDA; Timor Gap Greater Sunrise RL2, Unipessoal, LDA; Timor Gap Greater Sunrise 03-19, Unipessoal, LDA; and Timor Gap Greater Sunrise 03-20, Unipessoal, LDA). This registration is in response to a change of ownership in the Greater Sunrise JV, involving the entry of Timor Gap, with effect from 16th April 2019.