BP to buy Woodside’s 70% Calypso stake and take operatorship
BP announced it will buy Woodside Energy’s 70% interest in Block TTDAA 14, the Calypso early-stage deepwater gas project in Trinidad and Tobago. BP will take operatorship and a 100% ownership stake as Woodside fully exits the Caribbean. The parties will finalize fiscal terms as FEED work progresses, with the deal expected to close by end-2026.