Woodside Petroleum has been awarded a new offshore exploration block in the proven Northern Carnarvon basin as part of Australia's 2020 licensing round.

Block WA-550-P was released as area W20-25 in the acreage release, and was awarded on 23 December 2021, according to the National Offshore Petroleum Titles Authority.

It is a very small block covering just 80.51 square kilometres, just west of Woodside's Pluto gas field.