Woodside to Divest Greater Angostura Assets to Perenco
Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS)
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal.The transaction provides near-term cash flow to support ongoing investments and shareholder distributions and builds on the Australian asset swap announced in December 2024, further simplifying Woodside’s portfolio.1Woodside CEO Meg O’Neill said the development of Greater Angostura was made possible by the support of the Government of Trinidad and Tobago.“Greater Angostura has been a valuable contrib
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