Australia's oil and gas company Woodside Energy is looking for a potential buyer for part of its 75% share at the Scarborough gas field (Australia) and of its 50% share at the Kitimat LNG project (Canada). The sale will finance Woodside's next expenditure cycle.
Woodside expects to reach final investment decision (FID) at the US$11bn Scarborough field by 2020, which is also held by BHP Group (25%). The gas field, located 375 km offshore the Burrup Peninsula in northwest Australia, will feed Woodside's 5 Mt/year Pluto LNG exporting facility and could prompt the building of Pluto LNG 2 (4-5 Mt/year). The company would like to retain a 40-60% stake at the project.
FID for the 18 Mt/year Kitimat natural gas liquefaction terminal project is not scheduled yet. The project is being developed by Woodside in partnership with Chevron (50%). It will be composed of three 6 Mt/year liquefaction trains and commissioning is scheduled to take place no later than 2029.