Woodside talks with Apache, KUFPEC end
Posted: 23 October 2009
Woodside reported that US-based Apache Corporation Apache and Kuwait Foreign Petroleum Exploration Company were discontinuing talks on processing gas from their WA 356-P permit through Woodside's Pluto LNG Project.
This does not affect Woodside's previous advice in relation to the company's plans for an expansion of the Pluto LNG Project.
Woodside remains in discussions with several third party gas owners in the Carnarvon basin over the potential processing of their gas through Pluto.
Those discussions will continue to be based on delivering acceptable value to all parties.
Woodside is beginning a 20-plus well Greater Pluto exploration drilling program this quarter, and expects the results of this initial campaign to substantially contribute to an expansion of the foundation Pluto LNG Project, which is now 78 per cent complete.
As advised in our 19 August 2009 Half Year Results presentation, Woodside's current Carnarvon basin exploration portfolio includes 39 prospects and 35+ leads.
Posted by Richard Price, Editor, EnergyME.com
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