News listings

energy-pedia farmouts/divestments

Senegal flagSenegal

Middle East / Africa >>> Senegal

Senegal: FAR signs RSSD Project sale contract with Woodside

20 Jan 2021

Photo - see caption

FAR Limited has previously advised that Woodside exercised its pre-emptive right to acquire FAR's interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) Project, offshore Senegal.

On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to the sale. The agreement with Woodside is on the same terms and conditions as the previously announced sale to ONGC Videsh Vankoreft, details of which are detailed in FAR's Notice of Meeting dated 18 November 2020.

FAR shareholders are due to consider authorising the agreement with Woodside at a shareholders’ meeting to be held on 18 February 2021. FAR will provide shareholders with further information in advance of that meeting to enable them to consider the Woodside sale in the context of the Remus proposal (should Remus provide the Company with a binding proposal prior to the shareholder’s meeting). At this time the Remus proposal is non-binding and conditional on the Woodside sale not occurring.

Photo - see caption
Location of Sangomar field (Source: Woodside)

See related announcement: Woodside pre-empts FAR's Sangomar transaction (Dec 3 2020)

Original article link

Source: FAR Limited

© Energy 365 Limited. All Rights Reserved.
All articles on this website are protected by the Copyright, Designs and Patents Act 1988.

Whilst news, facts and information are not subject to copyright, the creation of a story from those facts is. Whilst third parties can legally quote our work under ‘fair dealing’ it is illegal to lift articles in their entirety. We will immediately seek royalty payments from third parties who copy our work.

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 370

Completed Deals

Completed Upstream Deals: 6030

Company Profiles

Current Company Profiles: 2762

Corporate Activity

Current Corporate Activity articles: 3632

Companies Looking

Current number of articles: 446

Company Sales

Current Company Sales articles:1457


Current Geostudies articles: 780

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

KL Publishing
Government of South Australia
Rose & Assocs 149
SLR Consulting logo
Blue Asterisk
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675