Woodside Petroleum Limited
(ASX:WPL) has been warned by the West Australian government that it will not be given free rein over how it develops the Browse gas project.
After millions of dollars' worth of preliminary work, Woodside this year opted to commit to floating LNG for the Browse project, off the north-west coast of WA.
The oil and gas giant rejected a land-based option favoured by the government because of inadequate returns.
Giving evidence to a state government committee, Woodside's executive vice-president of corporate and commercial Rob Cole said it was too early to quantify the sort of work companies would be offered in the project.
Premier Colin Barnett said when Woodside made its decision on how it would proceed, it would still have to agree to state government conditions.
Woodside Petroleum generated a first half net profit of $971.4 million.
