Senegal: Woodside buys ConocoPhillips assets


Issue 328 - 22 Jul 2016 | 1 minute read
ConocoPhillips said on 13 July it had agreed to sell Woodside Petroleum its 35% stake in Cairn Energy’s three offshore exploration blocks, which include the SNE and FAN discoveries. The purchase price is $350m, plus a completion adjustment of $80m. The transaction is subject to Senegal government approval and co-venturer pre-emption rights. “This is an important milestone for ConocoPhillips as we progress our phased exit from deep-water exploration in West Africa,” said ConocoPhillips executive vice-president, strategy, exploration and technology, Matt Fox. The transaction is expected to close by year-end.

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AfricaHardball - political risk strategy roundtable

AfricaHardball

17 January 2023, online

This political risk strategy roundtable  – part of the monthly AIX membership programme – will identify a range of upcoming political, commercial and reputational issues, and discuss scenarios to help stakeholders refine their strategies.  

As usual with AIX meetings, the  roundtable will be held under the Chatham House Rule.

 

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The meeting is free for all AIX members and African Energy subscribers.