Woodside Energy to Divest Certain Trinidad and Tobago Assets for $206 Million

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Woodside Energy to Divest Certain Trinidad and Tobago Assets for $206 Million

, MT Newswires - 4:03 AM ET 3/28/2025 mergers-and-acquisitions

04:03 AM EDT, 03/28/2025 (MT Newswires) -- Woodside Energy ( WDS ) said Friday it agreed with oil and gas company Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million.

The sale includes Woodside's interest in the Angostura and Ruby offshore oil and gas fields, associated production facilities and onshore terminal. The deal doesn't include the Calypso field, Woodside said.

The transaction, which requires government and regulatory approval, is expected to complete in Q3. Woodside expects most of its Trinidad and Tobago-based employees to transfer to Perenco.

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