March 12 (Reuters) - Woodside Petroleum Ltd WPL.AX :
* WOODSIDE TO OPERATE SCARBOROUGH
* CO AND BHP HAVE ENTERED INTO AN AGREEMENT IN RELATION TO PROPOSED DEVELOPMENT OF SCARBOROUGH GAS FIELD
* GRANTS BHP AN OPTION TO PURCHASE ADDITIONAL 10% INTEREST IN SCARBOROUGH
* COMPLETION OF TRANSACTION BETWEEN EXXONMOBIL AND WOODSIDE CONTINUES TO BE TARGETED BY END OF Q1 2018
* BHP PROVIDES ITS CONSENT TO SALE BY EXXONMOBIL TO WOODSIDE OF ITS 50% INTEREST IN WA-1-R & SCARBOROUGH JV OPERATING AGREEMENT
* AGREEMENT WILL RESULT IN WOODSIDE HOLDING A 75% INTEREST IN SCARBOROUGH