Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/woodside-acquires-exploration-acreage-in-senegal.shtmlWoodside acquires exploration acreage in Senegal
Woodside through its subsidiary Woodside Energy (Senegal) Pty Ltd has entered into an agreement with Impact Oil & Gas AGC Ltd to acquire a 65% participating interest in a
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Woodside through its subsidiary Woodside Energy (Senegal) Pty Ltd has entered into an agreement with Impact Oil & Gas AGC Ltd to acquire a 65% participating interest in a Production Sharing Contract (PSC) and associated joint operating agreement in the AGC Profond block located in the joint development area between Senegal and Guinea-Bissau (the Zone).
The block covers approximately 6,700 km² and its water depths range from 1,400m to 3,700m. Impact will retain a 20% participating interest and Entreprise AGC SA (an entity owned by Senegal and Guinea-Bissau pursuant to the documents governing the Zone) has a 15% participating interest in the PSC. Woodside will be the operator of the PSC
