Be hilarious if Exxon decided to pre empt.
I bet PC doesn't say boo to Exxon.
"If the Scarborough JV elects to look at other development options, including an onshore tieback via Woodside operated infrastructure, then Woodside would offer its support in understanding these opportunities."
The deal is subject to approvals and the whims of ExxonMobil, which has pre-emptive rights over the assets.
Under the terms of the deal $US250 million will be paid to BHP upfront, and a further $US150 million contingent payment will be paid upon a final investment decision to develop the Scarborough field.
Perth-based Woodside has been active during the recent period of weak oil prices, having spent $US430 million in July buying ConocoPhillips' exploration acreage in offshore Senegal, and having last year launched a failed $US8 billion bid for Oil Search.
Situation Changing, page-11
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