Woodside to sign Leviathan deal
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
A deadline for Woodside Petroleum’s (WPL) planned entry into the Leviathan gas field will be met, with a signing ceremony to take place in Jerusalem today, according to Israeli business news service Globes.
Woodside first announced a conditional purchase of 30% of the mammoth project in December 2012 before agreeing a revised Memorandum of Understanding last month, which saw the deal adjusted to a 25% stake for about $2.85 billion.
Upon announcing the revised deal, Woodside reported a deadline of March 27 for it to be finalised.
Globes said that the Australian oil & gas giant's boss, Peter Coleman, would arrive in Israel in time for the signing, joining leading execs at joint venture partners Delek Group, Noble Energy and Ratio Oil Exploration.
The final deal reportedly coincides with the resolution of several issues with the project, including tax treatment, lease terms from the Israeli government and a final settlement from the Antitrust Authority on alleged restraint of trade.
It is believed that license terms at the site will force the JV partners to choose only one anchor customer, either Turkey or Egypt. The developers had hoped the government's domestic reserve requirements would allow them to have two anchor customers.