Jadestone Energy has snapped up BP’s non-operated stake in the Cossack, Wanaea, Lambert and Hermes (CWLH) oilfields offshore Western Australia.
The Singapore-headquartered independent will pay a headline cash consideration of US$20 million, to be funded from the company’s cash resources, and certain subsequent contingent and decommissioning payments for the UK supermajor’s 16.67% working interest in the development, part of the Woodside-operated North West Shelf oil project.
