Woodside Signs Non-Binding Letter With Apache and Kufpec For Carnarvon Basin Fields

20 May 2009 (Last Updated May 20th, 2009 18:30)

Woodside Petroleum has entered into a non-binding letter with Apache Northwest (Apache) and Kufpec Australia setting out key principles to facilitate negotiations for the sale of gas from Apache-operated Julimar and Brunello fields. Negotiations are on a non-exclusive basis for the sal

Woodside Petroleum has entered into a non-binding letter with Apache Northwest (Apache) and Kufpec Australia setting out key principles to facilitate negotiations for the sale of gas from Apache-operated Julimar and Brunello fields.

Negotiations are on a non-exclusive basis for the sale of gas from the two fields in permit WA-356-P through a Woodside Petroleum-operated Pluto LNG train 2 at Karratha.

Recent reports from the UBS global oil & gas conference in Texas have quoted Apache as stating that it “now expects to sell gas from its Julimar prospect exclusively to Woodside’s Pluto Phase II LNG facility”.

As previously advised, Woodside Petroleum continues to discuss Pluto Train 2 options with a number of parties in the Carnarvon basin area.