Woodside said today that the cost gains the joint venture had so far generated had been undone by the low oil price and by the outlook for the oil price.
Chief executive Peter Coleman said the key focus going forward was that Browse had to be economically robust across a range of scenarios, including pricing and schedule.
"There is nothing new with respect to the hurdles that we are setting for Browse, we have had some tailwinds with respect to cost reductions, but we are now in an environment where the oil price is significantly lower than when we started this journey, and that is something each of the joint venture partners will have to reflect on as we go forward," said...
