EXPLORATION

Woodside ditches only onshore interest

HISTORY records the fortitude of Henry Morton Stanley, who pushed into darkest, unmapped Tanzania to find missing aristocrat David Livingstone on the shores of Lake Tanganyika in 1871, but Woodside Petroleum has given up the ghost in its pursuit of hydrocarbons in the same area almost 150 years later by passing up a chance to explore the south of the lake with Beach Energy.

Woodside ditches only onshore interest

Yesterday Beach said that after a year of work, the big Australian oiler had decided not to enter the next phase of the Lake Tanganyika South production sharing agreement in Tanzania. Beach, which was...

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