Petroleum Africa
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Tuesday, January 23, 2018
Woodside Petroleum and Noble Energy picked up a stake in Gabon in the country’s latest licensing round. The two firms acquired stakes in Block F15 in the Gabon Coastal Basin.Noble Energy has a 60% participating interest in the block and is operator, while Woodside will hold the remaining 40%. The PSC includes a four-year seismic commitment and a future option for exploration drilling.
Woodside CEO Peter Coleman said the EEPSC was an opportunity for Woodside to secure significant acreage in a high 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,” Coleman said.
“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 deepwater exploration.”
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