Woodside Weighs Blocking Lukoil from Joining Senegal Oil Project

July 27, 2020

World Energy Reports LLC.
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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)

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