Woodside BHP forge ahead on Scarborough gas project in WA
Energy giant Woodside will forge ahead on the Scarborough gas project off Western Australia’s northwest coast after it gave the project final approval.
The $16.2bn Scarborough project is a joint venture between Woodside and BHP and the announcement posted to the ASX on Monday afternoon also confirms the two companies have agreed to a $40b merger of their petroleum businesses, creating one of the world’s biggest fossil fuel companies.
The oil and gas field will be one of the biggest fossil fuel projects in Australia in the last decade and has been labelled a “disaster” by environmentalists.
The field lies 375km off the Western Australian coast and will consist of eight wells drilled in the initial phase, with 30 to be drilled over its lifetime.
Read more on theguardian.com
