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Woodside Energy to book nearly $4.4 bln depreciation expense in 2023
Feb. 14, 2023

Woodside Energy to book nearly $4.4 bln depreciation expense in 2023

The country's biggest independent gas producer said it had reviewed the methodology it follows to calculate depreciation of its oil and gas properties, after taking into account the scale of its portfolio since acquiring BHP Group's petroleum assets. It now plans to depreciate oil and conventional gas assets based on proven reserves, instead of the prior method where proven and probable reserves were both considered.

   Read More About : Australia TECHNOLOGY Energy Woodside
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