LNG / CNG
Woodside Mulls Floating LNG Project in Australia's Browse Basin
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Woodside advises that the Commonwealth – Western Australia Offshore Petroleum Joint Authority has approved amendments sought by the Browse Joint Venture participants to Browse Basin retention leases WA-28-R, WA-29-R, WA-30-R, WA-31-R and WA-32-R.
The variations to the retention lease conditions allow the Browse Joint Venture participants to progress the selection of an alternative development concept and commence related design and engineering work. The varied retention lease conditions apply to the end of 2014 and are attached to this announcement.
The Browse Joint Venture participants are currently in discussions in relation to evaluation of development concepts to commercialise the Browse resources. The selection of any development concept requires approval by the Browse Joint Venture…
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