Lukoil drops bid for Far Apr 1, 2021 7:45:am Summary The Russian company was seeking Far's stake in the RSSD oil and gas project off Senegal. by: Joe Murphy Posted in: Lukoil drops bid for Far Russia's Lukoil has withdrawn its offer to buy Sydney-listed Far, a partner in the Rufisque, Sangomar and Sangomar Deep (RSSD) oil and gas project offshore Senegal, Far said on April 1. Lukoil made its non-binding bid for Far, valued at $167mn, after a failed attempt to buy the Australian company's 14% stake in RSSD. Far announced earlier this year it had signed a sales and purchase agreement to transfer its interest in RSSD to Australia's Woodside, already an investor in the Senegalese project.