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Woodside Petroleum completes purchase of Scarborough gas field

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Woodside Petroleum completes purchase of Scarborough gas field

Woodside Petroleum Ltd., an Australian petroleum exploration and production company, completed the acquisition of Exxon Mobil Corp.'s interest in the Scarborough gas field, effective Jan. 1, according to a March 29 statement.

The company said that it acquired an additional 50% stake in WA-1-R, which comprises a majority of the Scarborough gas field.

Woodside Petroleum now holds a 75% interest in WA-1-R, along with a 50% stake in three other areas.