Senegal’s government has given the go-ahead to the development at its first oil project, the Sangomar offshore field, operated by Australia’s Woodside Petroleum. The start of production from the $4.2-billion field, however, is still in the future . The members of the consortium that runs the project have yet to settle some differences. These, more specifically, center on FAR’s claims that it was denied the right to pre-empt the sale of Conoco’s 35-percent stake in Sangomar to Woodside. FAR is a small Australian player and now a minority shareholder in the Senegalese project. Woodside bought the 35 percent from Conoco for $350 million in 2016. The resolution of the dispute is expected this year, Reuters notes. Senegal is a relatively minor producer of oil but it could become a larger one once its offshore projects begin producing, which, according to the country’s oil minister, should happen between 2022 and […]