Woodside has agreed to acquire ExxonMobilâs 50% in the Scarborough gasfield, Carnarvon Basin off WA, for up to USD 744 MM. Â The deal would result in Woodside holding a 75% interest in WA-1-R where most of the field is located and 50% in WA-61-R, WA-62-R and WA-63-R, BHP holding the balance (and pre-emptive rights). Woodside has not ruled out a farm-down at a later stage.  The Scarborough project has seen various devt options, and Woodsideâs current view is for a tie-back to its Pluto LNG plant, for which a 2nd train (3.3 MMt/yr) would be required. Â 5 devt wells in a phase 1, up to 7 more in a phase 2. An FID target is 2020, first gas by 2025.
Woodside has acquired Exxonâs 50% interest in WA-01-R which contains the majority of the Scarborough gas field for US$774 MM. Following the completion of the deal, Woodside will hold a 75% interest in WA-1-R and a 50% interest in WA-61-R, WA-62-R and WA-63-R .