Woodside Petroleum will raise $US700 million ($A774 million) via a US bond issue. Analysts believe that the sale of its stake in the Otway gas project and the bond issue mean it could be raising funds for a second LNG processing train for its Pluto LNG project offshore Western Australia. They feel that the expansion plan may also require the company to raise equity.

Publication Date: 5 November 2009

WOODSIDE PETROLEUM LIMITED - ASX WPL
ORIGIN ENERGY LIMITED - ASX ORG
MACQUARIE GROUP LIMITED - ASX MQG
JP MORGAN AND COMPANY INCORPORATED
DEUTSCHE BANK AG
UBS AG
STANDARD AND POOR'S CORPORATION
EXXONMOBIL CORPORATION
OIL SEARCH LIMITED - ASX OSH
SANTOS LIMITED - ASX STO
SINOPEC CORPORATION
CHINA PETROLEUM AND CHEMICAL CORPORATION

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