THE Browse FLNG development's partners will need to decide whether the current oil rout is part of a deeper structural shift or a short-term malaise, Woodside Petroleum CEO Peter Coleman said this morning, indicating that the mid-2016 date mooted for the final investment decision may actually be a call on whether Browse will go ahead at all.
While Coleman told investors through last year that Woodside's expectation on break-even costs was about where the oil price was at the time, around $US50-55/barrel, the continued precipitous drop in
Oil price wobbles amid China economy hopes
Woodside plans to triple reserves
US oil majors falling behind energy transition
