Woodside investments

Woodside wants to proceed with a fifth liquefied natural gas production train worth USD 1.5 billion on the North West Shelf, and has recommended the project to its NW Shelf partners. Outgoing managing director John Akehurst has said the partners would have to decide on the timing of the fifth train, putting the issue squarely at the feet of Shell, BP and ChevronTexaco, all of which have competing projects in the market areas the fifth train would service. The company has accelerated its plans to develop the Chinguetti discovery in Mauritania with a development/appraisal well now scheduled for later this year. Woodside – operator and 35% owner of Chinquetti – hopes to make a final investment decision on Chinguetti by the middle of next year and is about to call tenders for 1.1 million barrels floating production storage and offtake vessel (FPSO) for the project.

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