Senegal: Woodside may pre-empt FAR sale to ONGC

Issue 427 - 19 Nov 2020

Australia’s FAR Ltd has found a buyer for its stake in the RSSD development, announcing a sale and purchase agreement with ONGC Videsh for $45m plus working capital since 1 January of $66.58m. “Having been in the RSSD project for 14 years, it’s a bittersweet moment to be selling our stake,” said FAR managing director Cath Norman.

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