Woodside Buys ConocoPhillips’s Senegal interests
Woodside completed the transaction to buy 100% of the shares in ConocoPhillips Senegal B.V. The total purchase price was US$350 million plus net customary adjustments of approximately US$90 million. Woodside CEO Peter Coleman said the acquisition was an exciting addition to Woodside’s global growth portfolio. “We look forward to working with the Government of Senegal and joint venture participants Cairn Energy, FAR Limited, and Petrosen, the Senegal National Oil Company, to progress the commercial development of the SNE and FAN discoveries. “Woodside will bring to the
Woodside's Second Gas Discovery in Myanmar
drilling, wireline logging was conducted and confirmed the presence of a gas column through pressure measurements and gas sampling. The gas discovery at Thalin-1A follows an earlier gas discovery by Woodside at the Shwe Yee Htun-1 well in Block A-6, announced on 4 January 2016. Woodside CEO Peter Coleman said the two discoveries at opposite ends of the Rakhine Basin was a great result for the company.“These results are very encouraging for future exploration and appraisal activity, given the significant footprint we have in Myanmar,” he said. Mr Coleman said Thalin-1A had successfully
Woodside Discovers Gas Offshore Myanmar
of 5306 m. The well was spudded on 27 November, reached its original target on 23 December and wireline logging concluded on 29 December. Shwe Yee Htun-1, in Block A-6, targeted one of many identified channel complexes that run over a large anticlinal feature, the Saung Anticline. Woodside CEO Peter Coleman said he was pleased by the successful evaluation of the prospect, which provided evidence of a working petroleum system in the Rakhine Basin deep water. “Further analysis will be undertaken to understand the full potential of the play, but this de-risks a number of leads which will now
Woodside's Farm in Agreement for Cameroon
to 1100 m. 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. The Joint Venture plans to drill the Cheetah exploration well in 2015. Woodside CEO Peter Coleman said the Douala Basin represented an exciting opportunity with demonstrated oil prospectivity. "Following our recent announcement on Gabon, this farm-in opportunity consolidates our regional position and extends our relationship with Noble as a valued and experienced operator," Mr
February 2025
