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FAR Limited Faces Potential $6.8M Claim from Woodside Over Senegal Cost Audit
6:32pm on Sunday 1st of June, 2025 AEST
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Energy
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FAR Limited Faces Potential $6.8M Claim from Woodside Over Senegal Cost Audit
6:32pm on Sunday 1st of June, 2025 AEST
Key Points
Woodside flags potential claim against FAR Limited over cost recovery issues
Senegal Ministry audit questions FAR's petroleum expenditure before 2014
Indemnity cap set at US$6,803,355 under Sale and Purchase Agreement
Claim notice deadline tied to first oil sale anniversary in June 2025
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