Browse project delays trigger lease warning

Original article by Perry Williams
The Australian – Page: 20 : 19-Jul-19

The retention lease for the Browse gas field expires in mid-2020, but Woodside Petroleum does not expect to make a final investment decision on the project until the end of that year. Resources Minister Matt Canavan has held meetings with executives from Woodside and Browse partner Shell, and he is said to have sought an update on progress regarding the project. Canavan and the National Offshore Petroleum Titles Administrator have previously flagged the potential for the Browse partners to forfeit their leases under ‘use it or lose it’ provisions.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. NATIONAL OFFSHORE PETROLEUM TITLES ADMINISTRATOR, CREDIT SUISSE (AUSTRALIA) LIMITED, RBC CAPITAL MARKETS

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