Woodside enters Leviathan MoU

Woodside and JV partners to negotiate the ASX-listed group taking 25% stake.

Woodside Petroleum (WPL) and the Leviathan joint venture participants - Noble Energy Mediterranean Ltd, Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration LP have converted a previous in- principle agreement for the acquisition of a stake in the gas project in Israel into a non-binding Memorandum of Understanding (MoU).

In a statement to the Australian Securities Exchange, Woodside said the MoU provides a framework for it to negotiate the acquisition of a 25 per cent participating interest in each of the 349/Rachel and 350/Amit petroleum licences.

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