Capricorn Energy plc said it had received the $50 million payment due from Woodside Energy relating to the sale of its production sharing contract interests in the Sangomar oil field, Senegal. FOCUS The company aims to return any available proceeds of the contingent payment to its shareholders, which is subject to any disputed tax obligations […]
Tag: contingent payment
Capricorn expects $50m from Sangomar
Capricorn Energy plc expects $50 million in January 2025 from the sale of its production sharing contract (PSC) interests in the Sangomar oil field, Senegal. TAX With all the terms and conditions satisfied of the agreement, purchaser Woodside Energy has until 22 January to make the payment. Capricorn added it remained committed to returning available […]
Capricorn’s payment from Sangomar at risk
Capricorn Energy plc’s expected $25 – $50m contingent payment hangs in the balance after first oil was moved to next year from the Sangomar field development, offshore Senegal. AGREEMENT The change of date comes after Australian operator Woodside Petroleum’s today targeted first oil, initially due in late 2023, to mid-2024. Capricorn said that it would […]