Original article by Matt Chambers
The Australian – Page: 22 : 15-Jul-16

Australian-listed Woodside Petroleum will acquire ConocoPhillips’ stake in exploration acreage off the coast of Senegal for $US430m ($A563.4m). The deal includes ConocoPhillips’ 35 per cent stake in the SNE and FAN deepwater oil discoveries. Woodside has estimated that the SNE discovery could potentially yield about 560 million barrels of oil. The listed FAR is a partner in the Senegal joint venture, which is operated by UK-based Cairn Energy.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CONOCOPHILLIPS, FAR LIMITED – ASX FAR, CAIRN ENERGY PLC, ALLAN GRAY AUSTRALIA PTY LTD, OIL SEARCH LIMITED – ASX OSH, DEUTSCHE BANK AG