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Tuesday, June 23, 2020
Australian independent FAR Ltd announced that its partner and operator of the Sangomar Field Development Phase 1 in Senegal, Woodside Energy, confirms the project is on track for start up in 2023, in line with previous guidance.
Woodside recently noted recent media reports stating that Senegal has been forced to delay its first oil and gas projects by up to two years because of the COVID-19 pandemic, which it says is untrue.
Woodside and its joint venture partners took an unconditional final investment decision for the Sangomar Field Development Phase 1 and commenced execution phase activities in January 2020.
Since then, Woodside has taken early action to proactively manage the emerging impacts of COVID-19 on the supply chain and project schedule. We are working with project contractors, the Government of the Republic of Senegal and our joint venture partners to optimize near-term spend whilst protecting the overall value of the investment and deliver first oil in 2023.
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