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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Woodside agrees African farm-in deals
Woodside is planning to farm-in to the prospective basin of Lake Tanganyika in western Tanzania, taking a 70% interest from Beach Energy. The company also recently finalised an agreement with Chariot Oil & Gas to farm-in to the prospective Doukkala Basin offshore north-western Morocco. Under the agreement Woodside acquires an initial 25% participating interest in the Rabat Deep Offshore permits I-VI. The deal includes an option to acquire an additional 25% and operatorship in these permits for a capped well carry obligation.
News Item details
Journal title: Petroleum Review
Region: Africa
Countries: Tanzania - Morocco -
Subjects: Exploration and production