Roc Sells Carnarvon Stake to Woodside



Roc Oil has agreed to sell its 20% interest in WA-351-P in the Carnarvon Basin offshore Western Australia to Woodside Energy. Roc is selling the permit for US $15.75 million, which is subject to working capital adjustments and normal industry terms and conditions, including the receipt of joint venture and relevant government approvals. Additionally, Tap Oil subsidiary Tap (Shelfal), an existing joint venture party, said it would exercise its rights of pre-emption on the same terms and conditions as the sale to Woodside.

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
RELATED COMPANIES