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BP to buy Woodside’s 70% Calypso stake and take operatorship

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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.

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