The rebuke was issued following Far’s request on Tuesday for arbitration proceedings to the International Chamber of Commerce “regarding FAR’s right to pre-empt the sale of ConocoPhillips’ interest in the Rufisque, Sangomar and Sangomar Deep [RSSD] Joint Venture offshore Senegal.”
In a reaction, Woodside said it did not believe “that Far’s claim has any merit.” It added that Senegal’s Ministry of Energy and the Development of Renewable Energy had issued a ministerial order “which provides further confirmation of Woodside’s participation in the joint venture.
Woodside acquired a 35% share in the RSSD assets from ConocoPhillips in 2016. As part of the arrangement, the company was to assume operatorship later in 2017, something which 15% stakeholder Far objects to.
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