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Woodside raising $2.5B for Scarborough and Senegal

WOODSIDE Petroleum is undertaking a A$2.5 billion equity raising to acquire the additional 50% of the Scarborough gas field from ExxonMobil, in a sign Woodside is keen to put one of Australia’s most remote gas fields on the production track.

Helen Clark
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  The purchase of ExxonMobil's long-held gas interests will give Woodside a 75% interest WA-1-R, host to the main seven trillion feet Scarborough field, and a 50% interest in WA-61-R, WA-62-R and WA-63-R...

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