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“The long awaited BHPP (BHP Petroleum) abandonment provision number has been released, coming in below what we feared it could be,” Credit Suisse analyst Saul Kavonic said in a note yesterday.

BHP’s estimated price tag, published in its annual report ending June 2021, is much lower than analyst consensus. Kavonic had said that Woodside could inherit as much has $5 billion to $7 billion in decommissioning liabilities if it succeeds in taking over BHP’s petroleum business.

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Photo Credit: Energy Voice

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