BHP Group will transfer some $3.9 billion worth of oil and gas decommissioning liabilities to Woodside if the pair’s merger goes through successfully. The liability is much smaller than expected helping to ease investor concerns at Woodside.
“The long awaited BHPP (BHP Petroleum) abandonment provision number has been released, coming in below what we feared it could be,” Credit Suisse analyst Saul Kavonic said in a note yesterday.
News article on 15 September 2021 by Damon Evans from energyvoice.com
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