FAR pulls off sale of Senegal stake

FAR Limited has offloaded its 13.67% stake in flagship offshore Senegal oil project Sangomar to Indian state oiler ONGC Videsh for an initial A$45 million payment.

 FAR pulls off sale of Senegal stake  FAR pulls off sale of Senegal stake  FAR pulls off sale of Senegal stake  FAR pulls off sale of Senegal stake  FAR pulls off sale of Senegal stake

First oil targeted for 2023 from Sangomar

 
Managing director Cath Nornam called the sale a "bittersweet moment" for the project the company progressed from exploration to farm in and development over 14 years.