Singapore—Woodside Petroleum expects a 6%-10% cost overrun at its Pluto LNG project in Western Australia, resulting from a rise in spending on equipment and services, Australia’s largest upstream independent said November 20. Following its latest review of the cost and schedule of the Pluto project, Woodside said it had concluded the spending would be 6%-10% above the $11.2 billion it had approved at the time of making a final investment decision in July 2007.
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