Woodside Petroleum Limited (ASX:WPL) says its seeking amendments to the Browse Basin retention leases, so it’s got more time to make an investment decision.
The current leases require the holder to consider a final decision by mid next year but Woodside says an extension into the first half of 2013 may be required, and a delay will “allow time to better evaluate the outcomes of front-end engineering and design work and the results of the tender process for the development's major contracts.”
In the first half of the 2011 financial year, Woodside reported a profit of $772 million.
