It would seem so. Matrix has completed its contractual...

It would seem so.

Matrix has completed its contractual obligations in relation to this project and intends to pursue its commercial rights under the contract.

The whole industry is in shutdown mode and I doubt that it will resurrect until the oil price improves to higher levels.

'During the week, Woodside managing director Peter Coleman as good as added the $US35bn Browse floating LNG project to the list when he declined to say whether a 2016 investment decision was possible and said it was uneconomic at $US35 a barrel oil — a break-even price that projects at Woodside now need to clear.
While this was not a huge surprise (Wood Mackenzie had Browse on a list of another $US170bn worth of borderline projects), an admission from Australia’s biggest stand-alone oil company that long-term structural change may be afoot was a departure from the industry script.
“When you see super majors with cumulative capex reductions of 40 per cent or more from the beginning of 2015, that’s a really strong signal for the market with respect to where they think change is going,” Coleman, a 27-year veteran of ExxonMobil, told investors this week.'

http://www.theaustralian.com.au/bus...s/news-story/bf648d7e33bba6d74956116201621454