Woodside approves US$12Bn Scarborough LNG project

Woodside chief executive Meg O’Neill said approving the development of the Scarborough gas resource is a landmark achievement for the company.

“Today’s decisions set Woodside on a transformative path. Scarborough will be a significant contributor to Woodside’s cash flows, the funding of future developments and new energy products and shareholder returns.

“The final investment decision is underpinned by quality customer support with approximately 60% of Scarborough capacity contracted, including domestic gas for the proposed Perdaman urea project”

The announcement coincides with Woodside’s acquisition of BHP’s Petroleum arm. The Scarborough joint venture comprises of Woodside Energy (73.5%) and BHP Petroleum (26.5%).

Located approximately 375 km off the coast of Western Australia, the Scarborough field is estimated to contain 11.1Tn cubic feet of dry gas. The Pluto LNG onshore processing facility is located near Karratha in the northwest of Western Australia. First cargo from the single-train facility was delivered in 2012.

The Scarborough project will deliver energy to customers in north Asia with first LNG cargo slated for 2026.

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