Offshore staff
PERTH, Australia –Woodside Petroleum Ltd. (WPL:AU/WOPEY:US) reports completing the sale of part of its Browse LNG development equity to Japan Australia LNG (MIMI) for $2 billion.
MIMI now has 16% interest in the East Browse joint venture and 8% in the West Browse joint venture, or a combined 14.7% on an assumed unitized basis.
Woodside remains operator with its interest reduced from 46% to 31.3%.
Recently,Shell Development (Australia) Pty Ltd traded with Chevron for an interest in the Browse LNG development.
9/18/2012
