FAR Limited, as part of the Rufisque Sangomar and Sangomar Deep (RSSD) joint venture has advised that the final Sangomar Field Development and Exploitation Plan was submitted to the Government of Senegal, in Dakar on 2 December 2019.

The Development and Exploitation Plan outlines the full field multi-phase development of oil and gas and details how the Sangomar Field (formerly SNE Field) will be developed in a series of phases with plans for 645 mmboe (485mmbbl oil and 160mmboe gas) to be developed. Developing this world class oil field in Senegal, the largest global hydrocarbon discovery in 2014, has the potential to transform FAR from explorer to material producer and become one of the largest ASX-listed oil producers in early 2023.

Selected by SPTEC Advisory from FAR Limited