Cameroon: Woodside farms into Noble’s Tilapia block

Australia’s Woodside Petroleum has continued its brisk pace of African acquisitions by farming into the Tilapia production-sharing contract in the Douala Basin. Woodside will acquire a 30% non-operating interest in the 3875km² block. Operator Noble Energy will retain 46.67%, while Glencore will retain 23.33%. The joint venture plans to drill the Cheetah exploration well in 2015. “Following our recent announcement on Gabon, this farm-in opportunity consolidates our regional position and extends our relationship with Noble as a valued and experienced operator,” said Woodside chief executive Peter Coleman.