Woodside tests patience on Scarborough

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 & 20 : 20-Nov-19

The recently-announced 52 per cent increase in the resource estimate for the Scarborough gas field may prompt Woodside Petroleum to retain more of its stake in the project. Woodside had previously flagged plans to reduce its 75 per cent stake in Scarborough. However, CEO Peter Coleman says Woodside still intends to reduce its stake in the Pluto 2 LNG plant by up to 50 per cent, although it is not an immediate priority. A deal with BHP to process gas from the Scarborough field via the Pluto plant is expected to be finalised by March.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP GROUP LIMITED – ASX BHP, CHEVRON CORPORATION, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, ALLAN GRAY AUSTRALIA PTY LTD, FAR LIMITED – ASX FAR, CONOCOPHILLIPS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s