Woodside to Shed Some Trinidad and Tobago Assets for $206M

Friday, March 28, 2025

Australia's Woodside Energy said on Friday it would sell some assets in its offshore oil and gas project in Trinidad and Tobago to London-based Perenco for $206 million.

The sale includes the Greater Angostura project's offshore production facilities and interests in the shallow water Angostura and Ruby fields, but excludes assets in the deepwater Calypso field, Woodside said. 

Perenco will assume all restoration obligations, while most of Woodside's Trinidad and Tobago-based workforce is expected to transfer to the London-based company. 

Woodside, Australia's top gas producer, had acquired these assets in 2022 through its landmark $28 billion merger with BHP Group's petroleum business. 

The sale, effective since January 1, is expected to close in the third quarter, subject to regulatory approvals.


(Reuters)

Categories: South America Australia/NZ Offshore Energy Offshore Energy Industry News Activity Oil and Gas

Related Stories

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

Santos and QatarEnergy Agree Mid-Term LNG Supply

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

Current News

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com