image

Woodside to take Cairn Senegal stake

WOODSIDE Petroleum has preempted Cairn Energy’s sale of its 40% share of the offshore Senegal oil project Sangomar to Russia’s Lukoil  and will take the share for itself for a price of US$300 million.

Woodside to take Cairn Senegal stake Woodside to take Cairn Senegal stake Woodside to take Cairn Senegal stake Woodside to take Cairn Senegal stake Woodside to take Cairn Senegal stake

Woodside CEO Peter Coleman

 
 
It will also reimburse Cairn for its capital spend since January 1 of around $330 million, as per its earlier agreement with Lukoil, as well as a payment of up to $100 million linked to
denied_image

An invaluable asset to Australasia's oil and gas sector

Subscribe today and enjoy full access to EnergyNewsBulletin.net - the most comprehensive source of energy sector news and information.

EnergyNewsBulletin.net Package

From $306 *per user, per year (excluding GST)

SUBSCRIBE NOW
  • Full access to EnergyNewsBulletin.net resources on desktop and mobile
  • Industry-leading insights into the future of energy
  • Expert market views on digitalization and renewables
  • In-depth features on advancements in technology
  • A first look at latest commodity price updates and breaking news
  • 2 daily newsletters covering hot topics in operations and investment
  • Access to the complete Energy News Bulletin archive since 2006

Try EnergyNewsBulletin.net for 30 days for ONLY $1

START YOUR TRIAL

best value

Resource Sector Investment Package

From $485 *per user, per year (excluding GST)

SUBSCRIBE NOW
  • All the benefits of EnergyNewsBulletin.net package, plus Unlimited access to MiningNews.net
  • Access to all MiningNews.net articles and additional features
  • MiningNews.net daily newsletters
  • Exclusive monthly newsletter from RESOURCESTOCKS featuring select commodity market analysis and latest company profiles.

view all subscription options

topics

loader

related articles

Cairn to sell Senegal stake to Lukoil

UK company expects no objections from cash strapped FAR 

M&A

28 JUL 2020
Cairn to sell Senegal stake to Lukoil
Cairn to sell Senegal stake to Lukoil
Cairn to sell Senegal stake to Lukoil

research reports

Woodside seals the deal on massive oil project acquisition

M&A

07 SEP 2020
Woodside seals the deal on massive oil project acquisition
Woodside seals the deal on massive oil project acquisition

Woodside vetoes Lukoil move to Senegal 

M&A

17 AUG 2020
Woodside vetoes Lukoil move to Senegal 

FAR pushes sale of Sangomar

M&A

27 AUG 2020
FAR pushes sale of Sangomar
FAR pushes sale of Sangomar

BP strikes gas at Tortue field offshore Senegal

Exploration

17 DEC 2019
BP strikes gas at Tortue field offshore Senegal

More from this Section

Strike and Talon to drill Walyering appraisal soon

M&A

14 SEP 2020

Pilot takes Key's share of Perth Basin permit for wind development

M&A

08 SEP 2020

Woodside seals the deal on massive oil project acquisition

M&A

07 SEP 2020

Global locks in Goshawk buy to secure Canning position with Twiggy 

M&A

03 SEP 2020

Red Emperor classed as "cash shell" company

M&A

02 SEP 2020

Schlumberger divests fraccing business

M&A

02 SEP 2020

From our partners

article_image

HIGHLIGHT

alt=''

research reports

Most read MARKETS

1

Strike and Talon to drill Walyering appraisal soon

M&A

2

Pilot takes Key's share of Perth Basin permit for wind development

M&A

3

Worley praises diversification for profit

Investment

Energy News Bulletin Sitemap

Aspermont Brands

Aspermont Events

Copyright © 2000-2020 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902

Login