Tanzania: Woodside pulls out
Issue 302
- 12 Jun 2015
| 1 minute read
Woodside Energy has pulled out of the Lake Tanganyika South Block in western Tanzania. Partner Beach Energy said Woodside had decided not to enter into the next period of the exploration programme. Beach announced in July 2014 that it had agreed to farm out a 70% stake to Woodside, which funded acquisition of 1,333 line km of marine survey over the lake and 107 line km of marine-land transition survey. Beach will remain on the block as operator with 100%.
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