Woodside Petroleum has completed a purchase price of $350million for ConocoPhillips’ Senegal interests.
The deal includes a 35% working interest in three offshore exploration blocks.
In July, ConocoPhillips agreed to sell its 35% stake in the deepwater SNE field offshore Senegal to Woodside for an estimated $430million.
At the time, the SNE field was estimated to hold 561 million barrels of oil.
In August the deal between the two companies hit a speed-bump as a junior partner attempted to buy time to pre-empt the deal at the same time in announced an increase in the size of the field.