Cairn Energy confirms sale of Senegal assets to Woodside
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Cairn Energy on Monday confirmed that it had agreed to sell its entire stake in offshore oil blocks in Senegal to Woodside.
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The deal will be put to shareholders on September 23. Cairn last month said Woodside had exercised pre-emptive rights to buy its 40% share in the assets for up to $400m after initially agreeing in July to sell the stake to the joint venture partner Lukoil on the same terms.