PTTEP Australasia (Ashmore Cartier) has agreed with operator Woodside Energy and joint venture partners to acquire a 20% interest in petroleum exploration permits WA-378-P, WA-396-P, and WA-397-P, offshore Australia.
Offshore staff
BANGKOK, Thailand -- PTTEP Australasia (Ashmore Cartier) has agreed with operator Woodside Energy and joint venture partners to acquire a 20% interest in petroleum exploration permits WA-378-P, WA-396-P, and WA-397-P, offshore Australia.
WA-378-P permit covers 3,634 sq km (1,403 sq mi), WA-396-P permit covers 4,467 sq km (1,725 sq mi), and WA-397-P permit covers 3,886 sq km (1,500 sq mi).
After completion of the agreement, the joint venture partners will consist of Woodside Energy (Operator) with 50% participation interest, PTTEP Australasia (Ashmore Cartier) with 20%, Mitsui E&P Australia and Toyota Tsusho Gas E&P Browse with 20% and 10% participation interests, respectively.
The joint venture partners plan to drill one exploration well in 2010. The farm-in agreement is subject to Australian government approval.
