Woodside adds Cameroon stake

October 16, 2014

Perth, Australia-based Woodside Petroleum will farm into 30% of the Tilapia production sharing contract offshore Cameroon, the company announced on 14 October.

The company signed an agreement with Tilapia partners Noble Energy and Glencore for the block, which spans 3875sq km within the Douala Basin in waters up to 1100m.

Noble Energy will continue to operate the PSC with 46.67% stake. Glencore will retain a 23.33% interest.

Woodside said the Tilapia joint venture plans to drill the Cheetah exploration well in 2015.

Woodside has been busy in 2014, farming into several African offshore blocks.

In August, Woodside announced it acquired 40% stake in Block F15 offshore Gabon with partner Noble Energy.

In July, Woodside picked up 25% interest from Chariot Oil & Gas in the Rabat Deep Offshore permits I-VI, offshore northwestern Morocco in the Doukkala Basin. That same month the company also acquired 70% stake in the Lake Tanganyika South Block from Beach Energy.

Image: Woodside Petroleum



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