Woodside's great gamble

THE size of the Woodside's big bet on the so-called Outer Canning Basin has come into focus with news of a $US442 million contract to lock in a rig for a two-year drilling campaign.

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In its recent quarterly, Woodside confirmed a contract with Transocean for the Deepwater Millennium drillship for an eight-well program in the Outer Canning Basin.

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