Woodside to Shelve the Shelf
![](https://www.constructionadvisor.com.au/wp-content/uploads/2020/07/thunderstorm-4375844_640.jpg)
There are reports today that Woodside will postpone making any decisions relating to its $47Bn development pipeline in the NorthWest given uncertainty around oil and gas prices. The energy major had plans for its $17Bn Scarborough reserve and the long-awaited $30Bn Browse deposit although analysts are now questioning whether these mega-projects will meet the companies target 12% IRR.
CEO Peter Coleman was quoted as saying that a decision would not be made on Scarborough before next year and Browse wouldn’t be considered until 2023.
Read more at the Age here.