AUSTRALIA

Woodside gets more time for Browse

THE federal and Western Australian governments have, as expected, approved an extension to the Browse Basin retention leases, paving the way for Woodside and its joint venture partners to make a final investment decision on the proposed $30 billion project in the first half of 2013.

Marija Stojkovic

Woodside asked the Joint Authority for the Commonwealth-Western Australia offshore area in December to extend its Browse retention leases, which originally required the JV to be in a position to consider...

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