Woodside (ASX:WPL) sees Senegal Gov approve Sangomar field development

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by Rachael Jones

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Last Updated: 29/01/2020 10:42 AM

Woodside (ASX:WPL) is overseeing the development of the Sangomar oilfield and report that the Government of Senegal has approved the Rufisque Offshore and Sangomar offshore joint venture Exploitation Plan.

The JV comprises Woodside Energy (Senegal) B.V., Capricorn Senegal, a subsidiary of Cairn Energy PLC, FAR Ltd and Petrosen, the Senegal National Oil Company.

The Sangomar Development concept is a stand-alone floating production storage and offloading facility with 23 subsea wells and supporting subsea infrastructure.

First oil is targeted in early 2023.

Shares in Woodside (ASX:WPL) are trading 1.3 per cent lower at $35.66.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.