Woodside flags 27% drop in Wheatstone gas reserves, shares fall
Yahoo! Finance
Woodside Petroleum on Thursday slashed the gas reserves estimate for the Wheatstone project, operated by Chevron Corp off Western Australia, in an unexpected downgrade that knocked the top Australian oil and gas company's shares. Total proved reserves at Wheatstone are now estimated at 112.6 million barrels of oil equivalent (MMboe), down 27% from 154.2 MMboe, Woodside said in its third-quarter report.
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