Woodside Petroleum Limited’s (ASX:WPL) Browse liquefied natural gas project in Western Australia could be hit with more cost blowouts.
The project cost has been estimated at about $US30 billion but analysts have told The Australian Financial Review this could increase to more than $40 billion.
Woodside’s new CEO Peter Coleman delayed making a final investment decision on the project earlier this week.
A decision was expected mid 2012 and has now been extended into the first half of 2013.
In the first half of the 2011 financial year Woodside Petroleum posted a net profit of $772 million.
