Woodside completes sale of minority interest in Browse LNG

Offshore staff

PERTH, Australia – Woodside Petroleum Ltd. (WPL:AU/WOPEY:US) reports completing the sale of part of its Browse LNG development equity to Japan Australia LNG (MIMI) for $2 billion.

MIMI now has 16% interest in the East Browse joint venture and 8% in the West Browse joint venture, or a combined 14.7% on an assumed unitized basis.

Woodside remains operator with its interest reduced from 46% to 31.3%.

Recently, Shell Development (Australia) Pty Ltd traded with Chevron for an interest in the Browse LNG development.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...