Woodside has completed the acquisition of Tellurian Inc.
(Tellurian) and its US Gulf Coast Driftwood LNG development
opportunity. Woodside has acquired all issued and outstanding
Tellurian common stock for approximately $900 million cash, or
$1.00 per share. The implied enterprise value is approximately
$1,200 million.1
Woodside is pleased to also announce it has renamed the
Driftwood LNG development opportunity Woodside Louisiana LNG.
Woodside Louisiana LNG is an under-construction, pre-final
investment decision (FID), LNG production and export terminal in
Calcasieu Parish, Louisiana. It is a high-quality, scalable
development opportunity, with a total permitted capacity of 27.6
million tonnes per annum.
Woodside CEO Meg O’Neill said bringing Woodside Louisiana LNG
into the global portfolio represented a significant new chapter for
the company.
“This is a major growth opportunity that significantly expands
our US LNG position, enabling us to better serve global customers
and capture further marketing optimisation opportunities across
both the Atlantic and Pacific Basins.
“Our acquisition provides a new strategic direction for this
development. Woodside’s world class expertise in project execution,
operations and marketing means we are well-positioned to unlock the
development and generate value.
“Woodside Louisiana LNG is a competitively advantaged
opportunity. It is fully permitted, front-end engineering design is
complete, and site civil works are well advanced.
"Woodside is targeting FID readiness from the first quarter of
2025, with the experienced Tellurian team and engineering,
procurement and construction contractor Bechtel having completed
substantial work to advance the opportunity to this stage.
“We are also pleased with the inbounds received from multiple
parties looking to enter the opportunity as a strategic
partner.”
This announcement was approved and authorised for release by
Woodside’s Disclosure Committee.
Forward-looking statements
This announcement contains forward-looking statements with
respect to Woodside's business and operations, market conditions,
results of operations and financial condition, including, for
example, but not limited to, statements regarding the transaction,
the timing of completion of other transactions, the timing of
completion of Woodside's projects and expectations regarding future
expenditures and future results of projects. All statements, other
than statements of historical or present facts, are forward-looking
statements and generally may be identified by the use of
forward-looking words such as 'guidance', 'foresee', 'likely',
'potential', 'anticipate', 'believe', 'aim', ‘aspire’, 'estimate',
'expect', 'intend', 'may', 'target', 'plan', 'forecast', ‘outlook’,
'project', 'schedule', 'will', 'should', 'seek' and other similar
words or expressions. Similarly, statements that describe the
objectives, plans, goals or expectations of Woodside are
forward-looking statements.
Forward-looking statements in this announcement are not
guidance, forecasts, guarantees or predictions of future events or
performance, but are in the nature of future expectations that are
based on management’s current expectations and assumptions. Those
statements and any assumptions on which they are based are subject
to change without notice and are subject to inherent known and
unknown risks, uncertainties, assumptions and other factors, many
of which are beyond the control of Woodside, its related bodies
corporate and their respective officers, directors, employees,
advisers or representatives. If any of the assumptions on which a
forward-looking statement is based were to change or be found to be
incorrect, this would likely cause outcomes to differ from the
statements made in this announcement.
A detailed summary of the key risks relating to Woodside and its
business can be found in the "Risk" section of Woodside's most
recent Annual Report released to the Australian Securities Exchange
and the London Stock Exchange and in Woodside's most recent Annual
Report on Form 20-F filed with the United States Securities and
Exchange Commission and available on the Woodside website at
https://www.woodside.com/investors/reports-investor-briefings. You
should review and have regard to these risks when considering the
information contained in this announcement.
All information included in this announcement, including any
forward-looking statements, reflects Woodside’s views held as at
the date of this announcement and, except as required by law or
regulation, neither Woodside, its related bodies corporate, nor any
of their respective officers, directors, employees, advisers or
representatives intends to, undertakes to, or assumes any
obligation to, provide any additional information or update or
revise any information or forward-looking statements in this
announcement after the date of this announcement, either to make
them conform to actual results or as a result of new information,
future events, changes in Woodside’s expectations or otherwise.
Investors are strongly cautioned not to place undue reliance on
any forward-looking statements. Actual results or performance may
vary materially from those expressed in, or implied by, any
forward-looking statements.
___________________________________ 1 Includes $50 million for
Tellurian’s Series C Convertible Preferred equity shares, ~$65
million of net debt, ~$20 million net working capital adjustment,
~$50 million for management and debt change of control costs and
~$135m of interim funding from signing to close. Does not include
management construction incentive payment awards. The accounting
treatment of the purchase price will be included in Woodside’s 2024
Annual Report and will include share purchase consideration,
interim funding and other items.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241008214647/en/
INVESTORS Marcela Louzada M: +61 456 994 243 E:
investor@woodside.com
MEDIA Christine Forster M: +61 484 112 469 E:
christine.forster@woodside.com
Woodside Energy (NYSE:WDS)
過去 株価チャート
から 10 2024 まで 11 2024
Woodside Energy (NYSE:WDS)
過去 株価チャート
から 11 2023 まで 11 2024
