Woodside Agrees to Sell Greater Sunrise Stake for Up to $200 Million
Closing price · 2026-10-27: $33.18 · +0.27%
Woodside has agreed to sell its 33.44% participating interest in the Sunrise Joint Venture to TIMOR GAP for consideration of up to $200 million, subject to approvals and other conditions, with completion targeted for the first half of 2027. The deal is intended to simplify Woodside’s portfolio and refocus capital and management attention; Woodside would exit the venture once the sale is completed.