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Cairn has signed an agreement to sell its entire Senegalese stake to Woodside Energy. Cairn at first was planning to sell its 40% of the Senegalese stake to Lukoil in a deal worth up to $400m, but Woodside had exercised its right to pre-empt the transaction on the same terms and conditions. Woodside Energy will hold a 68.3% stake in the main Sangomar deepwater project and a 75% stake in the remaining areas.
