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Northbridge Industrial Services Plc

Woodside wins dispute with FAR over ConocoPhillips Senegal assets sale

Australian energy giant Woodside has received a decision in its favor from the International Court of Arbitration of the International Chamber of Commerce regarding a dispute related to ConocoPhillips’ sale of interest in acreage off Senegal to Woodside.

Namely, FAR Limited made a request in June of 2017 to the International Chamber of Commerce to start arbitration proceedings to resolve the company’s dispute with Woodside regarding FAR’s right to pre-empt the sale of ConocoPhillips’ interest in the Rufisque, Sangomar, and Sangomar Deep joint venture offshore Senegal.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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