Skip to main content
Grafa
Oil and Gas
Woodside Energy to sell its 70% stake in the Calypso Gas Project
Image for illustrative purposes only. Not a real photo.

Woodside Energy to sell its 70% stake in the Calypso Gas Project

Share
  • Woodside Energy agreed to sell its 70% stake in the Calypso Gas Project to BP.
  • The transaction increases BP's ownership of the early-stage Trinidad deepwater asset to 100%.
  • The divestment aligns with Woodside's strategy to exit non-core regional assets.

Woodside Energy (ASX:WDS) agreed to sell its 70% stake in the Trinidad Calypso Gas Project to BP (NYSE:BP)

The agreement increases BP's ownership of the early-stage deepwater project to 100%.

Woodside previously signalled that the deepwater gas asset was not core to its global portfolio.

BP operates as Trinidad's largest gas supplier and holds a 45% stake in Atlantic LNG.

Following the announcement, the Woodside Energy share price was unchanged at $31.72.

Former Woodside chief executive Meg O'Neill was appointed to lead BP in December.

The transaction forms part of Woodside's broader exit from offshore energy projects across the region.

Frequently asked questions