Woodside Exercises Pre-Emption Right

Source: www.gulfoilandgas.com 12/4/2020, Location: Africa

FAR Limited has received notification from Woodside Energy (Senegal) B.V. (“Woodside”) that it has exercised its pre-emptive right to acquire FAR's interest in the Senegal RSSD Project. Such pre-emption is on the same terms and conditions as the proposed sale to ONGC Videsh Vankoreft Pte Ltd (“ONGC”) announced on 11 November 2020.

FAR shareholders are due to consider authorising a sale of the Senegal RSSD asset at a shareholders meeting which has been convened for 21 December 2020. The shareholder meeting documentation expressly contemplated that such authorisation would cover the exercise of a pre-emptive right. Hence there is no change to the process contemplated.


Brazil >>  8/11/2022 - Petrobras informs that it has begun the opportunity disclosure stage (teaser), referring to the sale of its mining rights for research and mining of p...
Angola >>  8/10/2022 - Afentra plc, an upstream oil and gas company listed on AIM and focused on acquiring production and development assets in Africa, is pleased to announc...

Denmark >>  8/10/2022 - Vestas continuously looks for partners that can support our strategic focus on our core business and help scale renewables efficiently in the long-ter...
Norway >>  8/10/2022 - • The transaction consideration of US$68 million includes NOK 309 million (~US$33 million) in deferred tax assets which are recoverable for Lime Petro...

Oman >>  8/8/2022 - Maha Energy AB (publ) (“Maha” or the “Company”), through its wholly owned subsidiary Maha Energy (Oman) Ltd., has entered into an Agreement with Mafra...
United States >>  8/8/2022 - Cenovus Energy Inc. (CVE) has reached an agreement to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio. Cenovus has owned the other ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.