Woodside to explore with Noble offshore Gabon

Aug. 11, 2014

Woodside has acquired a 40% interest in an exploration, exploitation, and production-sharing contract (EEPSC) for block F15 in the Gabon coastal basin. Noble Energy operates with a 60% interest.

Offshore staff

PERTH, Australia – Woodside has acquired a 40% interest in an exploration, exploitation, and production-sharing contract (EEPSC) for block F15 in the Gabon coastal basin. Noble Energy operates with a 60% interest.

Block F15 is 140 km (87 mi) offshore southwestern Gabon and covers more than 2,700 sq km (1,042 sq mi), in water depths ranging from 2,300-to 3,000 m (7,546-9,842 ft). The EEPSC has a seismic acquisition commitment and option for future drilling.

Woodside CEO Peter Coleman said that this was an opportunity for the company to secure significant acreage in a high-graded emerging oil-prone province with a like-minded and experienced partner.

Earlier this year, the two parties had been in discussions to bring Woodside into the deepwaterLeviathan field development offshore Israel, although Woodside eventually pulled out.

08/11/2014