FAR Ltd has instigated International Chamber of Commerce...

FAR Ltd has instigated International Chamber of Commerce arbitration proceedings in the International Court of Arbitration against Woodside Energy Senegal BV in respect of pre-emptive rights under the Senegal RSSD Joint Operating Agreement. FAR is the claimant in proceedings and is seeking declaratory relief or, in the alternative, monetary damages. All planned submissions before the ruling have now been made. Subject to there being no extensions, a ruling is expected by the end of the year.
FAR may be unsuccessful in its claims. The arbitration outcome is not expected to impact FID timing for FAR or any other Sangomar joint venture partners.

https://www.far.com.au/wp-content/uploads/2019/12/20191212-Equity-raising-to-finance-Sangomar-Phase-1-Presentation.pdf

Woodside will remain the operator with 35% and have publicly stated that they intend to increase their stake if possible.

Neither CNE, Sengalese Govt or even FAR would want to adversely affect the Sangomar JV FID timing by having WPL leave the JV.

Depending on the ICC Arbitration "Terms of Reference", any PE win by FAR will result in either:

1. Monetary damages being awarded by the ICC, or

2. Negotiated financial settlement with COP/WPL

.