Scarborough resource volume increased by 52%
The estimated gross contingent resource dry gas volume for the Scarborough field has increased to 11.1 Tcf (100%; 8.3 Tcf Woodside share), up 52% from 7.3 Tcf (100%; 5.5 Tcf Woodside share). Woodside CEO Peter Coleman said our understanding of the value of the Scarborough gas resource has increased after applying leading-edge technology to geophysical data collected since the field’s discovery almost 40 years ago.
Read the full announcement here.
“By unlocking the huge potential of the Scarborough gas resource we’ve strengthened the case for development and extended the expected cashflow from Scarborough for years."