Woodside consolidates Sangomar ownership
The Australian producer has upped its stake in the Senegal oil development in two deals, but plans to shed some of that equity this year
Senegal’s offshore Sangomar oil project “remains on track for targeted first oil in 2023”, according to Australian independent Woodside, the operator and majority shareholder. The ASX-listed firm recently increased its stake in the 100,000bl/d scheme by purchasing the interest of UK-headquarted Cairn Energy, and is also poised to acquire the portion belonging to another Australian company, FAR. Woodside confirms that subsea activities remain on schedule and that drilling is due to begin in mid-2021. This year will also see work start in Dalian, China, on the conversion of a very-large crude carrier into a floating production, storage and offloading (FPSO) unit for delivery to the Sangomar de
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
