September 17th, 2011
Merrill lists Browse LPG options for Woodside
The Australian
Andrew Burrell
Woodside rig. Source: The Australian (AFP)
WOODSIDE Petroleum has been urged to consider lower risk options for developing its contentious Browse gas project, including using a floating liquefied natural gas plant, as speculation mounts it may be forced to abandon its preferred remote Kimberley site.
Analysis by investment bank Merrill Lynch yesterday showed that Woodside could develop Browse in several other ways without sacrificing returns.
New chief executive Peter Coleman is believed to have ordered a thorough review of Woodside’s options for Browse after conflict within its joint venture and opposition from environmental groups over the James Price Point location… Click here for full article »