Woodside terminates Leviathan deal

CEO Coleman says decision to terminate memorandum of understanding was not taken lightly.

Woodside Petroluem has terminated its agreement to take a 25% stake in the the $US2.7 billion ($A2.88bn) Leviathan offshore gas field in Israel, saying it will not proceed with a memorandum of understanding agreed with the parties earlier this year.

The petroleum exploration and production company said negotiations between the joint venture parties failed to reach a commercially acceptable outcome that would have allowed fully-termed agreements to be executed. 


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles