Woodside Petroleum
(ASX:WPL) Chief Peter Coleman has denied Israeli government regulations could scuttle its Mediterranean gas field plans.
Speaking in Houston, Mr Coleman also updated investors on Woodside’s Timor Sea project.
Development of the Sunrise project, , should advance significantly in the next 12 months, if the location of supporting LNG processing plant can be agreed upon with the government of East Timor.
To December 31
st, Woodside Petroleum recorded a $2.9 billion net profit.
