Woodside completes Senegal buy with drilling set to begin

Woodside completes Senegal buy with drilling set to begin

Australian minnow FAR has completed the sale of its stake offshore Senegal to Woodside Energy.

The buyer now holds an 82% stake in the Sangomar development and a 90% stake in the wider exploration area. Woodside said it intends to sell down its stake to around 40-50% in the second half of this year.

“The continued safe execution of the Sangomar project is a key priority for Woodside in 2021. A major milestone is expected tomorrow with the arrival of the Ocean BlackRhino drillship in preparation for commencement of development drilling next week,” said Woodside’s acting CEO, Meg O’Neill.