Share Name Share Symbol Market Type Share ISIN Share Description
BHP Billiton LSE:BLT London Ordinary Share GB0000566504 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -44.20p -2.78% 1,544.80p 1,606.80p 1,607.60p 1,621.60p 1,579.20p 1,599.60p 7,792,318,139 11:32:44
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 33,038.3 11,168.0 52.7 28.5 32,627.29

Woodside, BHP Sign Deal on Scarborough Gas Project

12/03/2018 6:37am

Dow Jones News

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   By Rhiannon Hoyle 

SYDNEY--Woodside Petroleum Ltd. on Monday said it has signed a deal with BHP Billiton Ltd. to become the operator of a planned development of the Scarborough gas field off Australia's west coast.

In a statement, Woodside said it expects to become the operator after completing the purchase of Exxon Mobil Corp.'s stake.

Under the agreement, Woodside will grant BHP the option to buy an extra 10% interest in Scarborough before the end of 2019. The pair will also hold talks on potentially selling up to a 10% stake to gas buyers, Woodside said.

Woodside, Australia's largest independent oil and gas company, last month signed a deal to buy Exxon's 50% interest in an offshore block that contains the bulk of the Scarborough natural-gas field for up to US$744 million, including a US$300 million payment when a final investment decision on developing the asset is made.

The company hopes to complete the deal by the end of the month, it said.


-Write to Rhiannon Hoyle at


(END) Dow Jones Newswires

March 12, 2018 02:22 ET (06:22 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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