Browse FID scheduled for 2013, Pluto to secure fourth ship

Tue, 29 May 2012

Woodside Petroleum will be ready for final investment decision on the Browse LNG Project in 2013, whilst continuing to pursue expansion of the Pluto LNG Project and re-engage on Sunrise, according to Chief Executive Officer Peter Coleman.

Mr Coleman said that early value from the Browse LNG Development was generated through the $2 billion equity deal with Japan Australia LNG (MIMI), which included a sales and purchase agreement for LNG from the development.

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According to Mr Coleman, Pluto is producing LNG in line with expectations and Woodside now has the confidence to secure a fourth ship for the project, which will be entering the Woodside fleet next year.

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Image caption: The Pluto LNG Project, Western Australia.

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