Production from the field has been in natural decline for some years.
Co-venturer Tap Oil said Woollybutt had an original forecast life of five years, but ran for seven years.
Italian energy giant Eni has switched off the taps at the Woollybutt oilfield off Western Australia.
Production from the field has been in natural decline for some years.
Co-venturer Tap Oil said Woollybutt had an original forecast life of five years, but ran for seven years.