LNG player Woodside has finalised an agreement with BP to farm in to offshore blocks in the Scotian Basin, located off the coast of Nova Scotia, Canada.
BP accepted Woodside’s offer to acquire a 20% participating interest in exploration licences 2431, 2432, 2433 and 2434. BP will remain as the operator.
The licences cover 14,000 km2 in water depths ranging from 500-3600m. The future work program is anticipated to include the drilling of exploration wells from 2017.
Press Release; Image: Woodside