WOODSIDE ENERGY GROUP LTD (WDS) Form 6-K — Jun 12, 2026
Woodside Energy Group Ltd has exercised its pre-emption right to acquire a 10.67% participating interest in the Browse Joint Venture from PetroChina (CNPC), preventing the sale to INPEX. The acquisition increases Woodside’s total equity interest in the joint venture to 41.27%, consolidating its position in Australia’s largest undeveloped conventional gas resource. The deal structure includes a base payment of US$225 million plus reimbursement of cash calls, and a contingent payment of US$175 million if a final investment decision is made for the Brecknock, Calliance, and Torosa fields by June 2032.
Key figures
- Deal Value Usd
- 400000000
- Base payment usd
- 225000000
- Contingent payment usd
- 175000000
- Acquired interest percent
- 10.67
- Potential annual production mtpa
- 11.4
- Post transaction interest percent
- 41.27
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