Woodside consolidates Sangomar ownership
The Australian producer has upped its stake in the Senegal oil development in two deals, but plans to shed some of that equity this year
Senegal’s offshore Sangomar oil project “remains on track for targeted first oil in 2023”, according to Australian independent Woodside, the operator and majority shareholder. The ASX-listed firm recently increased its stake in the 100,000bl/d scheme by purchasing the interest of UK-headquarted Cairn Energy, and is also poised to acquire the portion belonging to another Australian company, FAR. Woodside confirms that subsea activities remain on schedule and that drilling is due to begin in mid-2021. This year will also see work start in Dalian, China, on the conversion of a very-large crude carrier into a floating production, storage and offloading (FPSO) unit for delivery to the Sangomar de
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
