Original article by Peter Ker
The Australian Financial Review – Page: 1 & 11 : 6-Sep-16

Woodside Petroleum will make an upfront payment of $US250m for half of BHP Billiton’s stake in the Scarborough LNG project in Western Australia. The deal includes a provision for the payment of an additional $US150m if the partners in the project – which also include ExxonMobil – make a final investment decision. The Scarborough project is being developed on the basis that it will use floating LNG technology, although this seems less likely with Woodside on board, given that it has onshore gas processing facilities in the state.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPLBHP BILLITON LIMITED – ASX BHPEXXONMOBIL CORPORATIONCREDIT SUISSE (AUSTRALIA) LIMITEDMORGANS FINANCIAL LIMITEDALLAN GRAY AUSTRALIA PTY LTDCONOCOPHILLIPSAPACHE ENERGY LIMITEDOIL SEARCH LIMITED – ASX OSH