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Tuesday, 02 December, 2008, 02:20 GMT | more >>

Woodside offloads Mauritanian assets



By Upstream staff 

Australia’s Woodside said today it had agreed to sell it Mauritanian interests to Malaysia’s state-owned Petronas for $418 million.

The sale includes all Woodside’s onshore and offshore producing, development, and exploration interests in Mauritania.

The sale is expected to close in November, subject to regulatory approvals, and the final purchase price will be adjusted to reflect the closing date.

Woodside said it will continue to examine its options in relation to its remaining African assets.

Last month, the company said it was considering exiting Africa and restructuring its portfolio to focus on its liquefied natural gas business.


Thursday, 27 September, 2007, 01:05 GMT  | last updated: Thursday, 27 September, 2007, 02:48 GMT

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