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MARKETS

Woodside ups Senegal stake to 82%

WOODSIDE Petroleum now holds 82% of the Sangomar oil project offshore Senegal after exercising its pre-emption rights over FAR Limited’s sale of its 13.67% stake to India’s ONGC Videsh. 

Helen Clark
Woodside ups Senegal stake to 82%

It will pay the junior, currently in a trading halt, US$45 million and reimburse its share of cash calls of $66.58 million from the beginning of the year. FAR will also be entitled to up to $55 million...

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