Woodside Weighs Blocking Lukoil from Joining Senegal Oil Project
Australia's Woodside Petroleum is considering whether to block Lukoil from becoming a partner in the $4.2 billion Sangomar oil project off Senegal, after the Russian firm agreed to buy Cairn Energy's Senegal assets.
Woodside, 35% owner and operator of the Sangomar project, has a right to match Lukoil's $400 million offer for Cairn's 40% stake in the Rufisque, Sangomar and Sangomar Deep (RSSD) contract area.
"This transaction is subject to joint venture and government approvals," a Woodside spokeswoman said in emailed comments.
"Woodside will consider all its options," she said.
(Reporting by Sonali Paul; Editing by Kim Coghill)