info@oilfieldafricareview.com    +2347067282358

Senegal

Woodside completes financial purchase obligation on RSSD, Senegal

On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to FAR’s Senegal RSSD asset. Formal completion of the sale took place on 6 July in Senegal and monies were received by FAR in Australia on 7 July. As consideration for the sale Woodside has paid FAR US$45 […]

Read More...

Senegal´s Oil & Gas Sector Gears Up for 2023 Production – By Miguel Artacho

Since the discovery of large-scale oil and gas discoveries took place in the offshore waters of Senegal between 2014-2017, the country has been abuzz in terms of how this vast new hydrocarbon wealth will impact the Senegalese economy, making it more competitive and accelerating the pace of the country´s long-term economic development objectives as stipulated […]

Read More...

Woodside final acquisition of FAR‘s total interest in Senegal RSSD project

FAR Limited has announced the completion of the sale of its entire interest in the Senegal RSSD joint venture to Woodside Energy (Senegal) BV. In line with guidance given at the FAR Annual General Meeting, and as a result of completion, FAR has received US$126 million from Woodside. Additional payments to FAR, up to US$55 […]

Read More...

FAR Board Changes Guards ahead of RSSD Assets Sale, in Senegal

FAR Limited has announced the resignation of Non-Executive Chairman Nicholas Limb and Nonexecutive Director Reginald Nelson, effective immediately. Mr Limb and Mr Nelson have advised that with finalisation of the Senegal asset sale expected imminently, it is the appropriate time for Board renewal. Mr Limb has been a Director since 2011 and Mr Nelson since […]

Read More...

Chinese Cnooc seeks investors to drill oil wells in Gabon and Senegal

(Le Nouveau Gabon) – In an announcement published in the press on June 22, the Chinese Cnooc International announces that it is looking for investors for the drilling of oil wells in Gabon and Senegal. “ Cnooc International invites interested parties with technical, financial and operational capacities to participate in its international public prequalification process for […]

Read More...

FAR gives update on sales of RSSD project offshore Senegal

FAR Limited has advised that it has satisfied the condition precedent for the sale of its interest in the RSSD project to a member of the Woodside group relating to the termination of a third-party contract. FAR also advises that it has received formal notification from the Senegalese Minister of Petroleum and Energies that it […]

Read More...

Senegal: Sangomar Field development remains on track for first oil in 2023

FAR has announced it had executed a sale and purchase agreement with ONGC Videsh Vankorneft Pte Ltd for FAR’s entire interest in the Rufisque, Sangomar and Sangomar Deep project. RSSD operator Woodside subsequently exercised its right to pre-empt the sale on the same terms and conditions, and in January 2021 Woodside and FAR executed a […]

Read More...

FAR: Remus RSSD Takeover Offer Not Feasible

FAR has announced that with reference to the attached letter dated 14 April 2021 which was received from Remus Horizons PCC Limited as requested by it advising its intention to make a takeover offer for FAR shares at 2.1 cents per share.  According to the letter, Remus has stated it was proceeding to finalise its […]

Read More...

FAR: REMUS TAKEOVER RSSD PROJECT OFFER IN SENEGAL

FAR Limited has received notice from Remus Horizons PCC Limited advising its intention to make a takeover offer for FAR shares at 2.1 cents per share. The Remus Offer is conditional only upon FAR and/or its subsidiaries not proceeding with the proposal to sell the Rufisque, Sangomar and Sangomar Deep  (RSSD) Project to Woodside and […]

Read More...

Lukoil Proposal to acquire FAR interest in Senegal RSSD project in not yet feasible

FAR Limited refers to previous announcements, including its 17 February 2021 announcement that it had received a conditional non-binding indicative proposal from PJSC Lukoil to acquire the shares of FAR at 2.2c cash per share (Lukoil Proposal).  FAR had cautioned that the Lukoil Proposal was not a legally binding offer, was subject to targeted and […]

Read More...
Get free monthly subscription news in oil and gas industry
*Please enter a valid email address Subscribe Me

Please wait....

Thank you for subscribing...