Woodside May Sell Stake in Browse LNG

Woodside Petroleum has said that it may consider offloading a part of its stake in Browse LNG project but no decision has been made yet.

The company has received interest from a number of parties and is assessing the situation.

Woodside has a 50% stake in the $30 billion project in Western Australia’s Kimberley region.

Other stakeholders in the Browse project are BHP Billiton, BP, Chevron and Shell.

The Browse fields are located some 400 kilometers north of Broome in Western Australia. The venture has plans for floating gas and liquids platforms that would feed an onshore LNG production facility able to process 12 million metric tons of LNG a year.