3 May 2024
FAR seeks arbitration over ConocoPhillips’ sale of Senegalese blocks
Publication date: 21 June 2017
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Australian listed oil and gas player FAR Limited is starting arbitration proceedings to resolve a dispute arising from ConocoPhillips’ sale of its interest in three blocks offshore Senegal to compatriot Woodside Petroleum.
The clash centres on FAR’s claim to hold the right to pre-empt the sale of ConocoPhillips’ 35% stake in a joint venture that owns the Rufisque, Sangomar and Sangomar Deep blocks. The US company agreed the ...