Woodside Energy : New Report Finds Economic Boost from Browse

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Media Release Monday, 11 May 2026 Woodside Energy Group Ltd ACN 004 898 962 Mia Yellagonga 11 Mount Street Perth WA 6000 Australia T +61 8 9348 4000 https://www.woodside.com NEW REPORT FINDS ECONOMIC BOOST FROM BROWSE Independent modelling shows the proposed Browse to North West Shelf (NWS) Project represents a significant opportunity to strengthen Australia's energy security, support the energy transition and deliver long-term economic benefits for Western Australia and the nation.1 Woodside today released an economic impact assessment by Deloitte Access Economics which estimates the Browse to NWS Project could contribute a long-term uplift of more than A$141 billion in gross domestic product nationally and more than A$56 billion in taxes, including A$19.8 billion in petroleum resource rent tax (PRRT). The independent report also points to substantial employment and economy-wide benefits if the multi-billion-dollar project proceeds to development. Woodside Chief Executive Officer Liz Westcott said the report highlighted the role Browse could play in supporting Australia's long-term energy needs while delivering a fair return for the community. "Browse is Australia's biggest undeveloped offshore gas resource and represents a major opportunity for the nation at a time when energy security matters more than ever. "Independent modelling shows Browse has the potential to power homes and businesses, support thousands of Australian jobs and generate significant revenue for governments while also helping to manage the risks and costs of the energy transition." A whole-of-economy investment The Deloitte assessment finds Browse is not just an energy project, but a whole-of-economy investment, delivering benefits well beyond the oil and gas sector. The modelling estimates the project could deliver: a long-term uplift of around A$147 billion in gross state product for Western Australia and A$141 billion in gross domestic product nationally up to 4,760 direct and indirect full-time equivalent jobs across Australia at peak operations approximately A$56.2 billion in taxes, royalties and excise, including around A$19.8 billion in PRRT around 80% of economic impacts flowing to industries outside oil and gas, including construction, services and public services. The findings indicate Australian communities, businesses and public services are expected to benefit if the Bro...

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