Offshore staff
PERTH, Western Australia – Woodside Petroleum Ltd. and BHP Group have signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside.
Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd. in exchange for new Woodside shares.
The signing of the SSA follows the merger commitment deed announced on Aug. 17, 2021.
On completion, the merger is expected to create a global top 10 independent energy company by production and the largest energy company listed on the ASX.
Completion is targeted for 2Q 2022.
Woodside CEO Meg O’Neill said: “We will have the balance sheet, cash flow and financial strength to help fund planned developments in the near-term, invest in future energy opportunities and return value to our shareholders through the cycle.”
11/22/2021
