Australia’s Woodside this month took a 40% stake within the large Tiba exploration block in Egypt’s Mediterranean offshore the Nile Delta from operator Eni (60%), the LNG-focused agency reveals in its Q3 outcomes on 16 October.
Eni was awarded the Tiba block in 2023 following a 2022 Egas bid spherical, cementing its dominance in Egypt’s offshore Mediterranean (MEES, 6 January 2023). Woodside then again solely entered Egypt in April final yr when it took non-operator stakes in 5 frontier blocks, three operated by US main Chevron and two by UK main Shell (MEES, 28 April 2023). (CONTINUED – 185 WORDS)
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