Ann: Sangomar Field Development Exploitation Plan Approved, page-51

Cash Calls would have been issued yesterday..... imo
Therefore, without finance ... FAR is technically in default...imo
Ouch
Fri, 10th Jan 2020 06:38(Alliance News) -Â Woodside Petroleum Ltd on Friday said the first phase of the Sangomar field development has been approved by the Rufisque Offshore, Sangomar Offshore & Sangomar Deep Offshore joint venture.Woodside, as operator of the RSSD joint venture, has executed the purchase contract for the floating production storage and offloading facility and issued full notices to proceed for the drilling and subsea construction and installation contracts.Following the grant of exploitation authorisation by the government of Senegal on Wednesday, the RSSD joint venture has received the relevant regulatory approvals to proceed.Phase 1 of the development will target an estimated 231 million barrels of oil resources from the lower, less complex reservoirs, and an initial pilot phase in the upper reservoirs."We look forward to progressing the project towards first oil in early 2023 and expect that our experience in offshore FPSO developments will support its delivery on cost and schedule. We are grateful for the ongoing support of the government of Senegal and will be working with all stakeholders to ensure that the country's first oil project delivers enduring benefits to its people," said Woodside Chief Executive Peter Coleman.The RSSD joint venture comprises Woodside Energy (Senegal) BV, Capricorn Senegal Ltd - a subsidiary of Cairn Energy PLC - Far Ltd and Petrosen, the Senegal national oil company.Shares in Woodside closed up 0.7% at AUD35.86 in Australia on Friday.By Lucy Heming;Â [email protected]