government approvals.
These undrilled permits are 10,782 km2 in area and water depths range from 150 to 3600 metres.
Woodside CEO Peter Coleman said the farm-in provided an opportunity to secure a large acreage f ootprint in an emerging petroleum province that is prospective for both oil and gas.
"Exploration in this basin aligns with our strategy to secure new international growth opportunities in frontier and emerging basins characterised by materiality and quality," said Mr Coleman.
"This opportunity has been supported by Woodside's disciplined approach to studying regional petroleum systems, including the Atlantic margins, and is a good fit with our core capabilities in deepwater exploration and production."
The Rabat Deep permits complement Woodside's acreage position in the nearby Canary Islands and a r e a further demonstration of continued efforts to build a global exploration portfolio.
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