ConocoPhillips’ JV partner says it has pre-emption right over Senegal assets

August 23, 2016

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Oil and gas major Woodside’s planned acquisition of exploration assets in Senegal may be challenged by junior explorer FAR, which has a right of pre-emption over the proposed sale.
FAR is US energy group ConocoPhillips’ joint venture partner in the Senegal exploration assets and the company said on Tuesday that it believed the pre-emption period had not yet started.

Category: General