CompaniesEnergyMergers & acquisitionsPrint articleWoodside vetoes Lukoil entry into Senegal oilAngela Macdonald-SmithSenior resources writerAug 17, 2020 – 5.22pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginWoodside Petroleum will pay up to $US400 million ($557 million) to prevent Russian giant Lukoil from buying into its Senegal oil project, deciding to exercise its right to acquire the 40 per cent stake itself.News of the deal comes just days after chief executive Peter Coleman flagged the oil and gas producer was "primed" to take advantage of M&A opportunities arising in the sector, and suggested the Senegal transaction was in its sights.Loading...Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreMergers & acquisitionsWoodside Energy GroupOilLatest In EnergyFetching latest articlesMost Viewed In Companies