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BHP moves Scarborough to feasibility study phase

BHP has today progressed the proposed Scarborough development offshore Western Australia to feasibility study phase, the third and final phase required to finalise a proposal for a final investment decision.

This continues the progress made on Scarborough over the past few months, including the signing of a non-binding Heads of Agreement in November 2019.

Country Manager BHP Petroleum Australia, Graham Salmond, said: “Scarborough is consistent with our petroleum strategy to invest in advantaged gas, offering options to unlock future upside through adjacent resources.”

“We will continue to work closely with Woodside so that Scarborough delivers value for our shareholders, partners and the community.”

The project is expected to be submitted to the BHP Board for a final investment decision from the middle of the 2020 calendar year. First LNG is targeted for 2024.