Energy

Woodside Energy (NYSE: WDS) Sells Greater Angostura Assets in Trinidad and Tobago for $206Mn

Fri 28 Mar 25, 08:27 AM | Team Kalkine

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Highlights

Woodside Energy (NYSE: WDS) has entered into an agreement with Perenco to sell its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment includes Woodside’s interest in the Angostura and Ruby offshore oil and gas fields, along with the associated production facilities and the onshore terminal.

The sale aligns with Woodside’s strategy to simplify its portfolio and optimize its asset base. The proceeds from the transaction are expected to support ongoing investments and shareholder distributions. This move builds on Woodside’s asset swap agreement from December 2024, reinforcing its commitment to a more focused portfolio.

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