Woodside Energy Group (ASX:WDS) has agreed to divest its 70% operated interest in the Calypso Project in Trinidad and Tobago to BP, which already holds the remaining 30% stake, according to a late Thursday statement by the company.
The transaction, involving upfront cash consideration and contingent payments, is expected to be completed by the end of year, subject to customary closing conditions, including required government and regulatory approvals.