Ann: WPL:Arbitral Tribunal Rejects FAR Limited Pre-Emption Claims, page-3

ARBITRAL TRIBUNAL REJECTS FAR LIMITED’S PRE-EMPTION CLAIMS
Woodside has received a decision from the International Court of Arbitration of the International Chamber of
Commerce in the arbitration initiated by FAR Limited against Woodside Energy (Senegal) B.V, which was
heard in July 2019.
The Tribunal found in favour of Woodside and declared that FAR Limited did not have a pre-emption right
over Woodside’s 2016 transaction to enter the Rufisque Offshore, Sangomar Offshore and Sangomar Deep
Offshore (RSSD) joint venture. The Tribunal also rejected FAR Limited’s other claims.
The Tribunal has ordered the parties to provide their views on the next procedural steps arising from the
decision within 45 days.
Woodside is committed to working with the RSSD joint venture to progress the Sangomar Field Development,
which achieved final investment decision in January 2020