In a teleconference call held on 14 February 2019, Woodside Petroleum Ltd chief executive officer Peter Coleman stated that Woodside is seeking to reduce its 75% equity holding in its operated Scarborough gas field, located in WA-01-R, North Carnarvon Basin, and in the proposed Pluto LNG Train 2 located on the Burrup Peninsula, Western Australia, in which Woodside holds 100% equity.  Woodside will retain a minimum of 40% equity in the Scarborough field, in which joint venture partner BHP Group Ltd holds the remaining 25%. Both Tokyo Gas and Kansai Electric have been offered a combined total of up to 10% equity at market pricing. Peter Coleman expressed a preference for a larger player to take the remaining available equity and stated that interested parties were seeking between 15-20%.  The equity offering in the Pluto LNG Train 2 is negotiable with Woodside seeking to divest down to approximately 50%. Tokyo Gas and Kansai Electric have again been offered a combined total of up to 10%, leaving 40% equity available should the Japanese LNG buyers, who are already partners in the Pluto LNG Train 1, take up the offer.  Woodside is continuing to work on the expansion plans for Pluto.Â  On 27 December 2018 Woodside announced that it had entered the Front End Engineering and Design (FEED) Phase for the second train at the Pluto LNG Project.Â  Part of the expansion will see the Scarborough asset tied in, to supply Train 2. Woodside has awarded a contract to Bechtel, which will see it undertake the FEED phase, including the finalization of costs and technical definition for the second train.Â  With FEED entered, Woodside hopes to reach Final Investment Decision (FID) on the project in 2020, with start-up then planned for 2024. In January 2019 four contracts were awarded associated with the Front-End Engineering and Design (FEED) phase of the Scarborough LNG Project.     WA-01-R in which Scarborough lies, covers an area of 720 sq km and was originally awarded on 30 January 1987. The license was most recently renewed on 2 November 2015. Interests in the permit are Woodside Petroleum Ltd (75% plus operatorship) and BHP Group Ltd (25%).
Woodside is seeking to reduce its 75% equity holding in its operated Scarborough gas field, located in WA-01-R, North Carnarvon Basin, and in the proposed Pluto LNG Train 2 located on the Burrup Peninsula, Western Australia, in which Woodside holds 100% equity. 