Woodside Compra a participação do bloco offshore da Shell

Australian Woodside Agrees to Acquire Shell’s Stake in Offshore Block in Bulgaria.

Written by Paulo Nogueira

Published on 15/08/2018 at 05:57

Updated on 15/08/2018 at 07:04

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Woodside Enters Bulgaria and Ends Up Buying Shell’s Offshore Block Stake

Woodside said on Wednesday that it entered into a farm-in agreement with Shell to acquire a non-operated participating interest of 30% in Block 1-14 Khan Kubrat. The block is located within the continental shelf and exclusive economic zone of the Republic of Bulgaria, in the Black Sea. “This opportunity targets an emerging oil and gas province close to existing infrastructure and markets,” Woodside said.

Planning is underway to drill an exploration well in the second quarter of 2019. On July 24, Woodside incorporated Woodside Energy (Bulgaria) Limited – a wholly-owned subsidiary incorporated in England and Wales. The Shell transaction is subject to the satisfaction of conditions precedent and by the end of this month in August, all agreements between the operators will already be in place.

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