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Natarbora
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Woodside Energy (WDS) to exit Greater Sunrise for up to $200m, but $175m depends on first LNG cargo
Woodside Energy has agreed to sell its 33.44% interest in the long-delayed Greater Sunrise gas project to Timor-Leste's national oil company, TIMOR GAP, for up to US$200 million. Only US$13.71 million is payable at completion, with most of the consideration dependent on future LNG production. The transaction shifts development responsibility to Timor-Leste while allowing Woodside to concentrate on more advanced energy projects.