Capricorn Energy begins Sangomar Field production offshore Senegal, with potential contingent payments based on Brent oil prices.
Capricorn Energy announces the commencement of first production from Sangomar Field development offshore Senegal. Woodside Energy confirms the milestone. Capricorn may receive a $25m-$50m contingent payment if Brent oil price averages above $55 or $60 per barrel in the first six months of production, expected in early 2025. Capricorn is committed to returning any available proceeds to shareholders.
June 11, 2024
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