Australian energy giants Woodside and BHP have agreed to align their participating interests in the Scarborough gas project located offshore Australia ahead of a final investment decision later this year.
Woodside, the operator, said on Wednesday that it had agreed with BHP to align interests across the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles, resulting in Woodside holding a 73.5% interest and BHP holding a 26.5% interest in each title.
Woodside and BHP have also agreed to apply for Production Licenses in respect of both titles. The agreement is subject to regulatory approvals.
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