Woodside agrees to acquire ConocoPhillips interests in Senegal Investor Pack 14 July 2016
Summary Material interest in one of the largest global oil discoveries since 2014 with exploration upside Woodside agrees to acquire ConocoPhillips Senegal B.V.1, which holds a 35% interest in the 560 MMbbl (100%, 2C) SNE deep water…
Discovered resources SNE resource appraisal well advanced with potential for near-term oil production Recoverable volume estimates increased with execution of appraisal program supporting world-class resource Five successful well…
Portfolio build Discovered oil resources within regional focus area close to existing exploration acreage Builds our Atlantic Margins footprint Extends our regional play focus in oil prone province Provides foundation for growth…
Exploration potential Numerous prospects within tie-back distance to SNE SNE-1 and FAN-1 basin opening discoveries 6/6 successful wells drilled since 2014 Large leads and prospects inventory PSC Area 7500 km2 3D seismic coverage…
Next steps Targeting completion by year-end 2016 Completion targeted by year-end 2016 Expected completion adjustment of US80 million1 Acquisition subject to customary conditions, including Government of Senegal approval and…
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