FAR Ltd provides update on sale of its interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore project (RSSD) to Woodside. A released statement read:

“FAR Limited has advised that it has satisfied the condition precedent for the sale of its interest in the RSSD project to a member of the Woodside group relating to the termination of a third-party contract.

FAR also advises that it has received formal notification from the Senegalese Minister of Petroleum and Energies that it approves the transfer of FAR’s RSSD interest to Woodside.

Accordingly, FAR and Woodside are moving towards attending to the various outstanding completion related matters with completion targeted for the coming weeks.

FAR will keep the market updated in relation to any material developments in this regard.”