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FAR Faces $6 Million Claim from Woodside Over Senegal Project Costs

1:28am on Monday 2nd of June, 2025 AEST Energy
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FAR Faces $6 Million Claim from Woodside Over Senegal Project Costs

1:28am on Monday 2nd of June, 2025 AEST
Key Points
  • Woodside demands US$6,029,899 from FAR under 2021 Sale and Purchase Agreement
  • Claim stems from Senegal Ministry's final decision on unrecoverable petroleum costs
  • FAR disputes liability and seeks further details from Woodside
  • Indemnity obligation capped at US$6.8 million with claim deadline approaching
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