Cairn has agreed to sell to Lukoil its 40% interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Contract Area, including the Sangomar devt offshore SÃ©nÃ©gal for up to US$400 MM cash + reimbursement of development capital expenditure incurred since 1 Jan '20. The deal still requires partner + govt approvals, completion expected 4Q '20. The area involved totals 2,212 sq km in deeper shelf waters of the MSGBC Basin, WD 800-2,175m. So far Woodside (op), partners Capricorn (Cairn), Petrosen + FAR. Releases from either Cairn or Lukoil.
Senegal (Senegal (M.S.G.B.C.) B.) Rufisque Offshore op. by CAIRN EN (40%), WOODSIDE (35%), FAR (15%), PETROSEN (10%)