The Australian: Beach Energy’s Tanzania Search in Doubt After Woodside Pulls Out
Woodside Petroleum has pulled out of an exploration joint venture in Tanzania with Beach Energy, leaving its smaller Australian rival to ponder whether to continue to drilling in the East African country.
Less than a year after buying into the exploration permit at Lake Tanganyika, Woodside (WPL) has decided not to take part in the next phase of exploration, Beach (BPT) said.
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