August 20th, 2012
Chevron swapping Browse shares
The West Australian
Chevron has sparked fresh speculation about the future of the Woodside-led $40 billion Browse Basin LNG project, announcing today it would swap its 16.7 per cent share of the giant project with Royal Dutch Shell.
Shell will pay Chevron $450 million and swap its 33.3 percent interests in the Clio and Acme gas fields in the Carnarvon Basin, in return for Chevron’s Browse titles.