FAR Archives - Ibe Kachikwu

16th December 2021

FAR Finds Oil Traces in Bambo-1 Exploratory Well Offshore The Gambia

Following indications of oil traces in rock cuttings and hydrocarbons detected across numerous intervals, FAR, an Australian oil and gas exploration company will expand the extent of its Bambo-1 exploratory...

9th July 2021

FAR’s Participating Interest in the RSSD JV in Senegal is now owned by Woodside

The acquisition of FAR Senegal RSSD's whole participating interest in the Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture by Woodside Energy (Senegal) has been completed. According...

24th June 2021

FAR Signs Contract with Stena Drillmax Ice for Drilling in Bambo-1 Well Offshore Gambia

FAR Ltd, an Australian oil and gas exploration firm, has signed a contract with Stena Drilling's Stena Drillmax Ice, to begin drilling operations in the Bambo-1 well, offshore Gambia, by...

1st June 2021

Senegal: FAR Receives Approval for Sale of its RSSD Interest to Woodside

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...

3rd April 2021

Lukoil Withdraws from Purchase of FAR’s Interest in Senegal Project

Australian oil and gas company, FAR Ltd, has announced that Russia's Lukoil will not be making a legally binding takeover offer, which means that Woodside returns as the leading company...

16th March 2021

FAR Updates Shareholders on Sale of its RSSD Interest to Woodside

FAR Limited has provided an update for the non-binding indicative proposals the company has received, and it has provided a new date and time for its Shareholders’ meeting. On the...

19th January 2021

Senegal: FAR to Decide Woodside Sale and Remus Interest in the RSSD at Shareholders Meeting

FAR Limited has executed a Sale and Purchase Agreement (SPA) with Woodside for the sale of its interest in the Senegal RSSD Project. FAR Shareholders are to consider the deal...

12th November 2020

Senegal: FAR Sells Sangomar Field Interest in a $130M Deal to ONGC Videsh

FAR Limited has confirmed the transfer of its assets to Indian ONGC Videsh Vankorneft through an ‘RSSD’ Sale and Purchase Agreement with the firm. The sale transfers the entire interest...

28th August 2020

FAR does not Object to Cairn’s interest sale in the Sangomar Oilfield to Lukoil

FAR Limited has announced it will not be exercising its pre-emptive right to the proposed transfer of Cairn Energy's interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore...

25th August 2020

Petrosen Increases Stake in Sangomar Field; Woodside Blocks Cairn’s Sale to Lukoil

Société des Pétroles du Sénégal (PETROSEN) has increased its stake in the the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore joint venture by 8% from 10%. The state hydrocarbon...