Woodside Sells Stake in Blacktip and Penguin to Eni

Woodside Petroleum reports that its wholly owned subsidiary, Woodside Energy Ltd., has agreed to sell its Blacktip and Penguin interests in northern Australia to Eni Australia BV.

Effective from 1 December 2005, Eni will buy Woodside's interest in WA-279-P (53.85%), containing the Blacktip gas field, and WA-313-P (50%) containing the Penguin field.

In addition, Eni will acquire Woodside's interest in WA-34-R containing the Rubicon and Prometheus fields. The sale of WA-34-R is subject to the consent of other joint venturers.

The sale of Woodside's interests in all permits is subject to approval by Australian regulatory authorities.

Total consideration for all three interests is US$30 million.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Director - Midstream Services
Expertise: Business Development|Operations Management
Location: Houston, TX
Project Manager, Oil and Gas
Expertise: Budget / Cost Control|Planner / Scheduler|Project Management
Location: Harvey, LA
Case Specialist II Job
Expertise: Business Analyst|Legal|Regulatory Compliance
Location: Denver, CO
search for more jobs

Brent Crude Oil : $55.86/BBL 0.73%
Light Crude Oil : $52.64/BBL 0.51%
Natural Gas : $3.42/MMBtu 0.00%
Updated in last 24 hours