Peter Coleman says FAR's actions put the SNE oilfield development at risk. Photo: Attila Csaszar

Woodside fears Senegal development delay

Woodside Petroleum says its joint venture partner at the SNE oilfield offshore Senegal, FAR, has declined to support a transition for the energy giant to eventually take over as operator of the operation.

Woodside acquired ConocoPhillips' 35 per cent stake in the block last year as part of a $460 million acquisition, and shares ownership with junior Australian explorer FAR, Britain's Cairn Energy, and Senegal's state-owned Petrosen.

The Perth-based energy giant said today FAR's decision put at risk the timely development of the SNE oilfield, and could delay the timeframe for production to start by 2021.


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Total Shareholder Return as at 28/02/18

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409thWoodside Petroleum0%1%
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th-Woodside Petroleum$5,050.0m
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1stPeter Coleman$7.555m
17thMike Utsler$1.986m
21stRobert Edwardes$1.668m
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