Woodside, a supplier of oil and gas, has agreed to sell its Mauritanian interests to Petronas Australia, a subsidiary of the Malaysian government-owned oil and gas company Petroliam Nasional Berhad.
The sale includes all of Woodside’s onshore and offshore producing, development and exploration interests in Mauritania.
Petronas will purchase all of the shares in Woodside Mauritania and WEL Mauritania BV for $418 million. The sale is expected to close in November 2007, subject to all regulatory approvals. The final purchase price will be adjusted to reflect the closing date.