WOODSIDE ENERGY GROUP LTD (WDS) Form 6-K — Oct 27, 2026
Woodside Energy has agreed to sell its 33.44% participating interest in the Sunrise Joint Venture, including titles containing the Greater Sunrise fields, to Timor-Leste's national oil company TIMOR GAP for total consideration of up to $200 million. The consideration is heavily back-end loaded: only US$13.71 million is payable at completion, US$11.29 million follows an affirmative Final Investment Decision, and US$175 million is payable within 365 days of first LNG cargo loading. Completion is targeted for H1 2027, subject to government, regulatory and joint venture approvals.
Key figures
- Fid Payment
- US$11.29 million payable following affirmative Final Investment Decision
- Effective Date
- 1 November 2026
- Lng Cargo Payment
- US$175 million payable within 365 days of first LNG cargo loading
- Completion Payment
- US$13.71 million payable on completion
- Targeted Completion
- H1 2027
- Total Consideration
- up to $200 million
- Woodside Participating Interest
- 33.44%
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