Woodside agrees to sell 33.44% Greater Sunrise stake to TIMOR GAP for up to US$200 million
WDS•Woodside agreed to sell its 33.44% Sunrise Joint Venture interest to TIMOR GAP for up to US$200 million, with completion targeted for the first half of 2027, subject to approvals.
1. Sale agreement
The sale will end Woodside's participation in the venture. Completion is targeted for the first half of 2027, subject to government, regulatory and joint venture approvals.
2. TIMOR GAP stakes
TIMOR GAP currently holds 56.56% of the venture and has separately agreed to acquire Osaka Gas' 10% stake. Woodside said the sale will simplify its portfolio.
