Tag: FAR

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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...
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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...
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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...
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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...
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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...
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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...
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Pancontinental and Far Ltd Walk Away From Block L6 in the Lamu Basin in Kenya

Both Pancontinental Oil and Gas and Far Limited have announced they have issued a 'surrender and termination' notice to the Kenyan government and expect that the exit will be finalised...
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FAR The Gambia Signs new Joint Operation Agreement with PC Gambia

Although the Senegalese subsidiary of FAR Ltd is considering selling some or all of its assets, the Gambian wholly owned subsidiary of FAR has just signed a Joint Operating Agreement...
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FAR Senegal Cuts Staff Salaries and May Consider Selling Part or All of its Assets in Senegal

FAR Limited has announced a 20 per cent salary reduction for all senior executives and Non-Executive Directors effective July 1, 2020. It also said that it had made staff redundancies....
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