Senegal: Woodside pre-empts FAR’s stake sale

Issue 429 - 17 Dec 2020

Woodside has opted to exercise its right to pre-empt FAR’s planned sale to ONGC Videsh of its stake in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture. FAR, which has a 13.67% interest in the Sangomar exploitation area and a 15% interest in the remaining RSSD evaluation area, announced the discounted sale in November after failing to raise funding for its share of the development.

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