Australia's Woodside Petroleum (WOPEF.PK) agrees to acquire a 30% stake in Israel's massive...

|About: Woodside Petroleum Ltd. (WOPEF)|By:, SA News Editor

Australia's Woodside Petroleum (WOPEF.PK) agrees to acquire a 30% stake in Israel's massive Leviathan offshore gas field from the operators of the reserve, which include Noble Energy (NBL) and Delek Drilling (DKDRF.OB). Woodside will pay an initial $696M and as much as $550M once certain conditions are met, as well as revenue-sharing money of up to $1B a year. Noble's stake will fall to 30% from 39.66%. (PR)