Woodside finalizes farm-in offshore Cameroon

Woodside has finalized an agreement with Noble Energy and Glencore to farm in to the Tilapia production sharing contract off the coast of Cameroon.

Woodside plans to farm in to the Tilapia production sharing contract off the coast of Cameroon.
Woodside plans to farm in to the Tilapia production sharing contract off the coast of Cameroon.

Offshore staff

PERTH, AustraliaWoodside 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

More in Company News