https://www.miningweekly.com

Woodside expands African footprint with Gabon contract

Woodside expands African footprint with Gabon contract

Photo by Bloomberg

11th August 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Australian oil and gas producer Woodside has acquired a 40% interest in an exploration sharing contract with Noble Energy, in the Gabon coastal basin.

The company said on Monday that the block is located some 140 km off the south-western coast of Gabon and covered 2 700 km2, in water depths ranging from 2 300 m to 3 000 m.

Woodside CEO Peter Coleman said the exploration, exploitation and production sharing contract was an opportunity for Woodside to secure significant acreage in a highly graded emerging oil-prone province, with a like-minded and experienced partner.

“This is yet another exciting opportunity for us in Africa, building on recent acquisitions in Tanzania and Morocco. Once again, this opportunity reflects our disciplined and strategic approach to studying regional petroleum systems and is a good fit for our core capabilities in deep-water exploration.”

Noble, which has a 60% participation in the contract, will act as operator.

Woodside recently inked a farm-in agreement with fellow-listed Beach Energy over the Lake Tanganyika project, in western Tanzania, and in July this year agreed to a farm-in with Chariot Oil & Gas over the Doukkala basin, offshore Morocco.

Edited by Creamer Media Reporter

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.145 0.186s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: