OPERATIONS

Woodside to operate Scarborough

WOODSIDE Petroleum and partner BHP are showing more optimism on Scarborough than many analysts with the two agreeing to Woodside becoming operator and outlining a timeline for a final investment decision by 2020.

Helen Clark

They're also more optimistic than shareholders, who only took up Woodside's 1-for-9 pro rata accelerated renounceable entitlement offer at a rate of 60%, meaning the planned $2.5 billion equity...

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