One-Page Deal Sheet
Conoco Divests Offshore Senegal Interests in Deal with Woodside
Woodside Petroleum Ltd. ConocoPhillips
Announced Date
July 14,2016
Close Date
October 28,2016
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
440
Transaction Details: Subscribe to see
Closing Announcement - October 28, 2016
ConocoPhillips has completed a transaction for the sale of its shares in ConocoPhillips Senegal BV, which holds a 35 percent interest in three exploration blocks offshore Senegal. The total sales price of the transaction, which is between the subsidiaries of ConocoPhillips and Australia's Woodside Petroleum was approximately $440 million, including net customary adjustments of approximately $90 million.
The three offshore exploration blocks, Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore, had a net carrying value of approximately $285…
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