Woodside Energy Appoints Honeywell As Preferred Control Systems Supplier |

Woodside Energy Appoints Honeywell As Preferred Control Systems Supplier

Leading Australian explorer, developer and producer of hydrocarbon products reinforces long standing relationship; Honeywell to provide control system for Enfield FPSO

PHOENIX, Nov. 11, 2003 - Honeywell (NYSE: HON) Process Solutions announced today that it has been appointed as preferred control systems supplier by Woodside Energy Ltd., one of Australia's leading resources companies. The preferred supplier arrangement between Woodside and Honeywell has been formalized through a framework agreement, which will have an initial term of five years.

The agreement builds upon the long-standing relationship between Woodside and Honeywell in order to deliver life-of-asset solutions that provide maximum return on investment.

In conjunction with appointing Honeywell as preferred control systems supplier, Woodside has also awarded Honeywell a $5.5 million contract to supply the control systems for the Enfield Floating Production Storage Offtake (FPSO) project. The Enfield FPSO will be located 50 kilometres offshore from Exmouth on the West Australian coast and is due to begin oil production in mid- to late-2006. The control system for the Enfield project will include Honeywell's Experion PKS® next generation Process Knowledge System and FOUNDATION* Fieldbus technology. Project management and engineering of the control systems will be performed from Honeywell's Perth office.

"Honeywell looks forward to further developing our existing successful relationship with Woodside," said Tony Cosgrove, General Manager, Honeywell Process Solutions. "It is our experience that well managed customer/supplier relationships lead to the delivery of higher value solutions, on better time frames, and with lower costs to both organizations than do transactional relationships. We are committed to assisting Woodside Energy to measurably improve their bottom line over the long term and look forward to making a positive contribution to the success of the Enfield FPSO".

Honeywell International is a diversified technology and manufacturing leader based in Morris Township, N.J. With 2002 revenues of $22 billion, the company serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. The company's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. Honeywell is one of the 30 stocks that comprise the Dow Jones Industrial Average; it is also a component of the Standard & Poor's 500 Index. For additional information, please visit Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

Experion PKS® is a registered trademark of Honeywell International Inc.

Brand and product names shown above are trademarks of their respective owners.

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