Woodside eyes investments of up to $5bn

After terminating Leviathan deal Woodside says it's looking for disciplined investments.

Just a day after abandoning its Leviathan deal, Woodside Petroluem has told investors that it is targeting investments in a range between $1 billion and $5 billion.

During an investor briefing in Sydney, Woodside said all investments need to be a strategic fit and stand on their own merits.

The petroleum exploration and production company said it was targeting a volume uplift of 3 to 5% on existing assets.

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