Woodside weighs preemption of Inpex Browse field deal
Woodside Energy CEO Liz Westcott confirmed the company is assessing its preemption rights regarding Inpex's acquisition of PetroChina's 10.67% stake in the Browse gas fields. The project represents Australia's largest undeveloped gas resource and is intended to supply the North West Shelf facility.
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Woodside Energy Group Ltd is evaluating a preemption bid for the 10.67% stake in the Browse gas fields. Inpex Corp recently agreed to acquire the holding from PetroChina Co Ltd-H. Controlling the largest undeveloped gas resource in Australia secures critical feedstock for the North West Shelf liquefied natural gas facility.
