February 13, 2020 / 11:14 PM / 8 days ago

Australia's Far Ltd denied preemptive rights over Senegal oilfield stake

Feb 14 (Reuters) - Far Ltd said on Friday a tribunal ruled that the Africa-focused oil explorer did not have the preemptive right over Woodside Petroleum to buy a stake in an oilfield in Senegal.

The stake sale by ConocoPhillips to Woodside for $350 million in 2016 was challenged by Far in the International Chamber of Commerce for arbitration. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sriraj Kalluvila)

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