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BP to Acquire Woodside’s 70% Stake in Calypso Gas Field in Trinidad

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Sig2.85Sen+3.20Env-2.35Soc0.00Gov+0.40

BP agreed to buy Woodside Energy Group’s 70% operating stake in the Calypso deepwater gas field offshore Trinidad and Tobago, making BP the sole owner of the early-stage project. The undisclosed deal uses cash plus contingent payments tied to milestones, regulatory outcomes, and production thresholds, with closing expected by year-end 2026 pending approval.

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