Offshore staff
PERTH, Australia – Woodside has finalized an agreement with Noble Energy and Glencore to farm in to the Tilapia production sharing contract (PSC) off the coast of Cameroon.
The 3.875-sq-km (1,496-sq-mi) block is located within the Douala basin, offshore southwest Cameroon in water depths ranging from the shoreline to 1,100 m (3,609 ft).
Under the agreement, Woodside will acquire a 30% non-operating interest. Noble Energy will retain a 46.67% interest and will continue to operate the PSC. Glencore will retain a 23.33% interest.
10/15/2014
