FAR challenges ConocoPhillips stake sale


Issue 330 - 16 Sep 2016 | 1 minute read

Australia’s FAR has challenged ConocoPhillips’ sale of its Senegal assets to Woodside Petroleum, but has not yet made its own intentions clear. FAR said on 23 August that there should be a pre-emption period for the sale, but Woodside argues this does not apply because it is buying a ConocoPhillips subsidiary, rather than buying the assets directly. FAR also announced an increase in contingent recoverable oil reserves to 641m barrels, from a new estimate including results from the BEL-1 and SNE-4 wells.

Tagged with:

Pin Resources

Pin Senegal

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register