Woodside offered Irish expansion

WOODSIDE Petroleum has been offered one of 14 licensing options in Ireland's rather risky and expensive Atlantic waters – proving the company's bullishness of the region amid a historically low oil price environment.

Woodside submitted its offer before the end of September last year, at which point Brent crude was $US48.37/barrel. While it plummeted to a 13-year low of $27.

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