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Clean Fuel

about 12 years ago

Woodside secures Tanzania acreage

LNG player Woodside has finalised an agreement to farm-in to the prospective basin of Lake Tanganyika in western Tanzania. Beach Energy has accepted Woodside’s offer to acquire a 70% participating interest in the Lake Tanganyika South Block and the production sharing agreement. Woodside CEO Peter Co

1 minutes read

LNG player Woodside has finalised an agreement to farm-in to the prospective basin of Lake Tanganyika in western Tanzania.

Beach Energy has accepted Woodside’s offer to acquire a 70% participating interest in the Lake Tanganyika South Block and the production sharing agreement.

Woodside CEO Peter Coleman said the farm-in provided an opportunity to secure a large acreage footprint in an exciting and underexplored oil prone frontier basin.

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