Woodside Petroleum acquired its first offshore exploration acreage in northwest Europe with its agreement to farm-in to three license options in the Atlantic Porcupine Basin. Woodside will become operator of all three licensing options, subject to regulatory approval.
From Petrel Resources, the company will acquire 85% in licensing option 11/6, containing blocks 45/6, 45/11 and 45/16, and licensing option 11/4, containing blocks 35/23, 35/24 and 35/25. It is also acquiring 90% in licensing option 11/3, containing blocks 35/25(e), 35/30, 36/21, 36/26, 44/5(p) and 45/1, from Bluestack Energy.