The company started front-end engineering and design work earlier this year on Cossack North with a plan to take FID during the fourth quarter of the year.
However, the company revealed in its third quarter report on Thursday the proposed oil development had been deferred following a review of portfolio-wide capital expenditure.
It did not state how long it planned to defer the project, saying only that it would be re-evaluated “at a later time”.
The Cossack North development is a single well tie-back to the existing Okha floating production storage and offloading facility which currently receives production from the Cossack, Wanaea, Lambert and Hermes fields in the Carnarvon basin.
Woodside also revealed in its third quarter report it had entered into a conditional...
