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WPLCD Woodside Petroleum Ltd

29.03
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Woodside Petroleum Ltd ASX:WPLCD Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.03 29.50 29.03 0.00 01:00:00

Cairn Energy to Sell Senegal Project to Woodside Petroleum for up to $400 Million

07/09/2020 8:30am

Dow Jones News


Woodside Petroleum (ASX:WPLCD)
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By Ian Walker

 

Cairn Energy PLC said Monday that it is selling its 40% interest in the Rufisque, Sangomar and Sangomar Deep project in Senegal to Woodside Petroleum Ltd. for up to $400 million.

Cairn said the sale followed Woodside's confirmation that it would exercise its pre-emption rights over the project. Cairn had initially agreed to sell the project to Lukoil PJSC, subject to Woodside not exercising its option.

The sale is conditional upon consent from the Government of Senegal and shareholder approval.

The company plans to publish a circular to shareholders Monday, and the deal is expected to complete in the fourth quarter of this year.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

September 07, 2020 03:15 ET (07:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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