Woodside Raises Scarborough cost estimate to over $16b
- Energy giant Woodside Petroleum (WPL) raises its cost estimate for the Scarborough project by five per cent to US$12 million (A$16.2 billion)
- The company is currently working towards its final investment decision for the project
- The new estimate includes modifications to a gas-processing train to handle production from Scarborough
- The estimate also incorporates an eight per cent increase in production from 6.5 million to 8 million tonnes per annum
- One up and running, the company forecasts an internal rate of return of more than 12 per cent
- On the market this morning, the company is up 0.78 per cent and is trading at $21.99 per share
