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EXPLORATION

Woodside to welcome third party in Bulgarian license

WOODSIDE Petroleum's joint venture partner Shell has sold 20% of its stake in the Bulgarian Khan Kubrat license in the Black Sea to Spain's Repsol, according to a Reuters report, adding a third partner in oil project.

Paul Hunt
Woodside to welcome third party in Bulgarian license

  Overnight the government of Bulgaria officially gave permission to Shell to transfer a 20% stake in the deepwater offshore Block to Repsol, following the supermajor's previous farmout of a 30% stake...

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