Woodside says to tap debt market for funding needs

Published: 17 Feb 2009 22:02:58 PST

PERTH, Feb 18 - Australian oil and gas producer Woodside Petroleum Ltd <WPL.AX> plans to source all its funding needs for 2009 of between $1-$1.7 billion through the debt markets, the company said on Wednesday.

The firm was also reviewing its non-core assets outside of Australia to help fund the construction of its A$12 billion Pluto liquefied natural gas (LNG) project, Woodside's Chief Financial Officer Mark Chatterji said at a conference call. ($1=1.566 Australian Dollar)