ASX-listed oil and gas developer FAR Limited has thrown a spanner into major Woodside Petroleum’s works by failing to support the company’s plans to develop the SNE oil field, offshore Senegal.
Woodside in 2016 struck a $350-million deal with ConocoPhillips to acquire that company’s interests in Senegal, including a 35% working interest in a production sharing agreement (PSA) with the government of Senegal covering three offshore exploration blocks that included the SNE and FAN deep-water oil discoveries.
