Woodside awarded stake in offshore Egyptian plays
Egypt The company reported taking 27% non-operating stake in both Block 2 and Block 4, known as North Sidi Barrani and North El Dabaa blocks respectively.
The concessions located on the Herodotus basin are operated by Chevron, which held a 90% stake in the acreage along with state-owned partner Tharwa Petroleum with a 10% stake before the deal.
Costs and change in shares of the acquisitions were not revealed.
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