The Annual Offshore Oil & Gas Event
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(Repeats story from Saturday, no changes to text)
By Peter Gosnell
SYDNEY, Oct 29 (Reuters)- - Woodside Energy (WPN.AX) has secured a 35 percent stake in three oil and gas tenments off West Africa after buying ConocoPhillips Senegal BV for $350 million.
Woodside CEO Peter Coleman said in a statement on Saturday Woodside would be working with partners to commercialise the promising SNE and FAN deep-water oil discoveries off the coast of Senegal.
"We look forward to working with the Government of Senegal and joint venture participants Cairn Energy, FAR Limited, and Petrosen, the Senegal National Oil Company, to progress the commercial development of the SNE and FAN discoveries," Coleman said.
The deal comes after ConocoPhillips's (COP.N) partner in the SNE field, FAR Ltd (FAR.AX) in August attempted to thwart the arrangment between ConocoPhillips and Woodside, claiming ConocoPhillips had breached their joint operating agreement.
The 26rd Beijing International Offshore Oil & Gas Exhibition is an annual gathering of petroleum and petrochemical industry. With a magnificent exhibition space of around 120,000 sqm, 18 national pavilions.Read More >
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