Woodside to sell Sunrise JV interest to TIMOR GAP

Woodside Energy has agreed to sell its 33.44% participating interest in the Sunrise Joint Venture (JV) to Timor-Leste’s national oil company, TIMOR GAP, in a transaction worth up to $200m.

The deal covers Woodside’s interests in the NT/RL2, NT/RL4, JPDA production sharing contract (PSC) 03-19 and JPDA 03-20 titles, which contain the Greater Sunrise fields.

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This story was originally published by Offshore Technology. Read the full story at Offshore Technology →