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Woodside Energy to sell Sunrise joint venture stake to TIMOR GAP

Nasdaq +1 · ·by G4L

WDS Woodside Energy Group Ltd ADR
$21.07 +0.48%
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  1. 1Woodside Energy will sell a 33.44% stake in the Sunrise joint venture for a transaction value of up to $200 million to TIMOR GAP.
  2. 2The expected completion is in the first half of 2027, subject to government, regulatory, and joint venture approvals.
  3. 3An additional payment of $11.29 million will occur upon the final investment decision for LNG development within the Greater Sunrise Special Zone.

So what's the key point?

Woodside Energy has agreed to sell its stake in the Sunrise joint venture to TIMOR GAP for up to $200 million. This deal is expected to be completed in the first half of 2027 following government approvals.

Source Nasdaq +1 · View original ↗

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