Investment decision on Scarborough gas field this year


BHP says it is ordering a feasibility study of the proposed $16 billion Scarborough gas field off the coast of Western Australia.
The Weekly Times is reporting that BHP owns a 25 per cent stake in the massive LNG project, which is being developed by BHP's joint venture partner Woodside Petroleum.
BHP says the feasability study is the third and final phase required to finalise a proposal for a final investment decision.
The project is expected to be submitted for the BHP board of directors for a final investment decision around the middle of this year, which first LNG targeted for 2024.

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