Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Woodside Enters MOU with Leviathan Joint Venture Participants
    édité le 07/02/2014 - Plus de news de "Woodside" - Voir la fiche entreprise de "Woodside"


Woodside Enters MOU with Leviathan Joint Venture Participants
Woodside and the Leviathan Joint Venture participants, Noble Energy Mediterranean Ltd, Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration (1992) LP, have agreed to convert a previous nprinciple agreement for the potential acquisition of an interest in the Leviathan field into a non-binding
Memorandum of Understanding (MoU).

The MoU provides a framework to negotiate in good faith, the acquisition of a 25% participating interest in each of the 349/Rachel and 350/Amit petroleum licences. The parties will negotiate towards executing a fully termed agreement by 27 March 2014.

The Leviathan field is contained within the licences, and based on information provided by the operator Noble Energy, has an estimated ‘2C’ contingent resource (100%) of 18.9 trillion cubic feet of natural gas and 34.1 million barrels of condensate.

The MoU builds on the initial in-principle agreement reached in December 2012, although some key terms have been amended. The initial agreement was based on an estimated ‘2C’ contingent resource of 17 trillion cubic feet of natural gas.

Consistent with the previous in-principle agreement, Woodside would be the operator of any LNG development of the field, while Noble Energy would remain upstream operator.

The MoU contemplates supply of domestic gas to Israel, LNG exports and supply to neighbouring countries. It also contemplates the following conditional payments:

- a payment of US$850 million upon completion of the transaction under a fully termed agreement
- a payment of US$350 million on a Final Investment Decision for an LNG development or payments of up to US$350 million on predetermined export project milestones
- a payment of 5.75% of Woodside’s well head export gas revenue and commencing after at least 2 trillion cubic feet have been exported from the Leviathan field, which is capped at US$1.3 billion
- a royalty of 2.5% paid on commercial oil production from the deep prospect in the Mesozoic, based on wellhead value, paid after payback of development costs - a one-time payment of US$50 million if after production of 4 trillion cubic feet the estimated total gross gas resource (proved plus probable developed and undeveloped reserves and best estimate contingent resource and gas produced until date of the evaluation) is assessed by an independent expert to be at least 20 trillion cubic feet.

The transaction contemplated by the MoU is conditional upon the execution of a fully termed agreement
and certain policy, tax and regulatory approvals from the Israeli Government.
Woodside CEO Peter Coleman said the MoU provided a potential commercial outcome with compelling
value.

“We look forward to the ongoing engagement with the joint venture, government and other stakeholders
to move forward with the Leviathan project,” Mr Coleman said.

About Woodside

Woodside is Australia’s largest independent oil and gas company, with a proud history of safe and reliable operations spanning decades.
As the largest operator of oil and gas in Australia, Woodside produces around 900,000 barrels of oil equivalent each day from a portfolio of facilities which we operate on behalf of some of the world’s major oil and gas companies.

About Noble Energy

Noble Energy (NYSE: NBL) is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL.


Origine : Communiqué Woodside

Voir la fiche entreprise de "Woodside"



Les dernières news de "Woodside"



Toutes les news de "Woodside"
  Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling maersk-oil malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2019