Woodside Petroleum Ltd., Perth, has farmed into the Tilapia production-sharing contract offshore Cameroon under an agreement with Glencore and Noble Energy Inc.
Woodside will acquire a 30% nonoperating interest in the block, which lies in the Douala basin in the country’s southwest offshore sector in water depths ranging from the shoreline to 1,100 m.
Noble will retain 46.67% interest and operatorship while Glencore will keep a 23.33% interest.
A wildcat called Cheetah-1 will be drilled on the block in 2015.
The move follows Woodside’s moves earlier this year to acquire new African acreage in the Gabon Coastal basin with a 40% interest in Block F15 where Noble retains 60% (OGJ Online, Aug. 11, 2014).
Woodside has also farmed into 70% of fellow Australian company Beach Energy’s Lake Tanganyika offshore permit in western Tanzania and an initial 25% interest in the Rabat Deep offshore permits 1-6 in Morocco.