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