Ref. DEA 30 Mar '20, FAR's inability to secure debt to fund its share of the Woodside-operated Sangomar devt project (market conditions and depressed oil prices) have led the company to envisage selling part or all of its interest in the Sangomar, Rufisque Offshore, Sangomar Offshore and Sangomar Offshore Deep blocks to fund its share of project obligations - FAR is contractually committed to the Sangomar devt and the approved 2020 work programme. Woodside (op), partners Capricorn, Petrosen + FAR. Release here.
FAR's inability to secure debt to fund its share of the Woodside-operated Sangomar devt project (market conditions and depressed oil prices) have led the company to envisage selling part or all of its interest in the Sangomar, Rufisque Offshore, Sangomar Offshore and Sangomar Offshore Deep blocks to fund its share of project obligations - FAR is contractually committed to the Sangomar devt and the approved 2020 work programme. Woodside (op), partners Capricorn, Petrosen + FAR.