Despite Woodside cuts, Sangomar continues
Woodside Petroleum has slashed its spending this year by 50%, to around $2.4 billion, but Senegal’s Sangomar development should progress as planned.
FAR
FAR under strain with Sangomar financing
Australia’s FAR has temporarily suspended plans for drilling offshore The Gambia, in response to the coronavirus pandemic, while the oil price crash has made talks on securing debt for Senegal’s Sangomar development harder.
Glencore lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
Senegal’s Sangomar inches closer to FID for Woodside, Cairn
Senegal’s government has approved the plan to develop the Woodside Energy-led Sangomar field.
Shearwater wins Gambian work for FAR
Australia’s FAR has awarded a contract to acquire 3D seismic in The Gambia to Shearwater GeoServices.
FAR sets out Sangomar financing plan
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Woodside, Cairn submit Sangomar plan to Senegal
The Sangomar development and exploitation plan has been submitted to the Senegalese government, operator Woodside Energy has said, with the final investment decision (FID) for the project expected later this month.
Upfront costs rise on Senegal’s SNE
Developing the SNE field will require capital expenditure of around $4.2 billion, a presentation by Australia’s FAR has said, versus the previous projection of $3bn.
Stena Drillmax gets to work on Gambia exploration well
Australian firm FAR said today that drilling had commenced on the Samo-1 exploration well in block A2, offshore Gambia.
Petronas takes stake in FAR’s Gambian offshore licenses
Petronas has entered into an agreement to acquire a 40% stake in FAR’s A2 and A5 offshore licenses in Gambia, West Africa.
Far denies reports of dispute over Senegal assets
Australian firm Far today denied claims made in a media report that it was involved in a dispute with UK-based Cap Energy in Senegal.
Erin farm-out deal gets Gambian government approval
The Gambian Government has approved Erin Energy’s farm-out agreement with FAR Limited – where FAR will acquire operatorship of two Erin blocks in the Gambia.
Woodside says disputed Senegal deal had government approval
Woodside Petroleum said today that its purchase of a stake in Senegalese oil assets had been approved by the West African country.
FAR picks up option on Senegal block
Australian oil and gas explorer FAR has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil for the Djiffere block offshore Senegal.