Exploration & Production

Woodside investment in Scarborough field estimated at $12.5 bln

Woodside Petroleum’s acquisition of ExxonMobil’s stake in the Scarborough gas field could see it invest US$12.5 billion in the Scarborough and Browse fields.
By Staff reporter 15 February 2018 0 29608

Woodside Petroleum’s acquisition of ExxonMobil’s stake in the Scarborough gas field could see it invest US$12.5 billion in the Scarborough and Browse fields off the northwest coast of Western Australia, according to Gas Today.

Woodside Chief Executive Peter Coleman has put a 2020 date for an FID on the Scarborough development and pushed back the FID for the nearby Browse field to 2021.

Woodside plans to pipe gas from the Scarborough field to the Pluto LNG plant on the Pilbara coast.