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Woodside completes acquisition of ConcoPhillips' interests in Senegal

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Oilfield Technology,

Further to Woodside’s ASX announcement dated 14 July 2016, Woodside has announced completion of the transaction to acquire 100% of the shares in ConocoPhillips Senegal B.V.

The transaction has completed for a purchase price of US$350 million plus net customary adjustments of approximately US$90 million.

The acquisition includes a 35% working interest in three offshore exploration blocks, which contain the SNE and FAN deepwater oil discoveries in Senegal.

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