“Senegal enters the restricted circle of oil producing and exporting countries” (Petrosen)

“Senegal enters the restricted circle of oil producing and exporting countries” (Petrosen)
“Senegal enters the restricted circle of oil producing and exporting countries” (Petrosen)

Petrosen announces the production of the first barrel of oil from the Sangomar field on June 11, 2024. According to the Société des Petroles du Sénégal, with the achievement of this milestone, “Senegal enters the restricted circle of oil producing and exporting countries”.

“The cost estimate for phase 1 of the Sangomar field development project remains between 4.9 and 5.2 billion US dollars,” we read in a press release.

For Petrosen, this “national-scale development project was successfully completed despite numerous challenges encountered since the Final Investment Decision (FID) signed in January 2020”.

Indeed, continues the press release, the “RSSD Joint Venture, made up of Woodside Energy and the PETROSEN Group, has been able to face the various technical, financial and geopolitical challenges by having adopted effective and efficient strategies to respond to global economic conditions” .

Moreover, Petrosen informs that production from the Sangomar field will be ensured by an FPSO vessel (floating production, storage and unloading installation), named Léopold Sédar Senghor in homage to the first president of Senegal, which is already anchored at around a hundred kilometers from the Dakar coast and at a depth of 780 meters for the entire duration of the field’s operation.

“This ship with a storage capacity of 1,300,000 barrels has a daily production which can go up to 100,000 barrels of crude oil,” the press release states.

As a reminder, production will be ensured by a total of 24 development wells, which are divided into 12 oil production wells, 2 gas injection wells and 10 water injection wells.

“The subsea infrastructure is designed to enable production from current wells and facilitate future phases of field development.”

Thus, the PETROSEN Group thanks the Operator Woodside Energy, the Government of Senegal, MODEC, Subsea7, as well as all international and local partners.

“Their collaboration and unwavering support were essential to the success of this historic project which will generate significant revenue for Senegal and contribute to its economic development,” said the press release.

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