Woodside Wins Block 15 Offshore Liberia
|Friday, January 28, 2005
Woodside West Africa Pty Ltd, a wholly owned subsidiary of Woodside Petroleum Ltd., has successfully bid for 100% of an offshore exploration block in Liberia.
The area, known as Block 15, adjoins Blocks 16 and 17 which were won 100% by Repsol Exploracion SA in what was Liberia's first offshore licensing round.
Repsol and Woodside each holds a 50% interest in two blocks immediately west of Liberia in neighboring Sierra Leone (SL-6 and SL-7) and the two companies now have interests in five adjoining blocks across Sierra Leone and Liberia.
Woodside's initial four-year work commitment includes geological and geophysical studies and the acquisition of 600km of two-dimensional seismic and 1600sqkm of three-dimensional seismic.