There are a few "possibilities". The contract with Woodside is...

There are a few "possibilities".
The contract with Woodside is one possibility. It maps out the "can't find a buyer for the right price scenario".

If we have a buyer knocking at our door, Woodside will work out if its worth it for them or they are happy with their share.

They can go alone like in Senegal or try to sell a share down the track for more money.

They don't need to buy out pcl though, they could buy the holding company (also happened in Senegal).

I suspect their preference if for a buyer to not materialise.

Time will tell.