FAR eyes $350 million debt facility for SNE development

Australia-based FAR Limited has made plans to arrange a seven-year debt facility of up to $350 million for the development of the SNE oil field located offshore Senegal.

Woodside is the operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, which includes the SNE field, with a 35% interest. Woodside’s partners are Cairn Energy, FAR, and Petrosen with 40%, 15%, and 10% interest, respectively.

FAR has previously indicated that it has a broad range of…

View entirety: Offshore Energy Today