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Woodside and BHP Agree Tolling Price for Scarborough Gas

Gasoil News - Published on Fri, 29 Nov 2019

Image Source: Scarborough Gas
Woodside and BHP have agreed the tolling price for processing gas from the Scarborough offshore field at the Pluto LNG facility on Western Australia's Burrup Peninsula. The tolling price is valid to 31 March 2020. The agreed tolling price is complemented by a comprehensive, non-binding heads of agreement on other tolling terms. The toll is based on BHP maintaining no more than a 25% interest in Scarborough WA-1-R up to final investment decision, subject to BHP's standard pre-emption rights.

Scarborough gas would initially be processed on a deep-water floating production unit and transported through an approximately 430 km pipeline to be processed at the Pluto LNG facility. First LNG from the proposed development is targeted in 2024.

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Posted By : Yogender Pancholi on Fri, 29 Nov 2019
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