Woodside records $720M Kitimat write down 

WOODSIDE Petroleum will record a US$720 million after tax write down on its Canadian Kitimat LNG project, following operator Chevron Corporation’s decision to devalue the project as part of a wider US$10.5 billion impairment on a slew of assets last year. 

Woodside records $720M Kitimat write down  Woodside records $720M Kitimat write down  Woodside records $720M Kitimat write down  Woodside records $720M Kitimat write down  Woodside records $720M Kitimat write down 

An representation of the Kitimat project

Woodside made the announcement after the market closed yesterday and before full-year results which are due tomorrow.