Woodside brings Senegal into the club of hydrocarbon producing countries

Woodside brings Senegal into the club of hydrocarbon producing countries
Woodside brings Senegal into the club of hydrocarbon producing countries

The floating production, storage and offloading (FPSO) unit of the Sangomar project, in Senegalese waters, in February 2024. © Woodside

Published on June 11, 2024

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On June 11, the Australian company Woodside Energy announced that it had started extracting oil from the Sangomar field via its floating production unit, of storage and offloading facility (FPSO) located off the coast of Senegal. This announcement brings the country of teranga into the circle of hydrocarbon producing countries.

“Woodside has carried out the first oil extraction from the Sangomar field, leading to the delivery of the country’s first offshore oil project,” the company said In a statement. Woodside operates the field with Société des Pétroles du Sénégal (Petrosen).

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The deep-water field, about 100 km south of Dakar, contains oil and gas. The first phase of this project, therefore the cost is estimated between 4.9 and 5.2 billion dollars, includes 23 wells, including eleven of production. It targets production of 100,000 barrels per day.

Export and domestic consumption

This first extraction of Sangomar precedes the entry into production of another project, that of Grand Tortue Ahmeyim (GTA), on the border with Mauritania, developed by the British BP with the American Kosmos Energy, the Mauritanian Hydrocarbons Company (SMH) And Petrosen, and which is expected to produce around 2.5 million tonnes of liquefied natural gas per year. Production could begin in the third quarter.

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Oil production And of gas in Senegal will be intended for export and domestic consumption. It will be far from reaching the levels of global and African giants like Nigeria. But of the revenues in billions of dollars are expected, as well as an accelerated transformation of the economy whose growth in 2024 is anticipated to 8.8 %.

(With AFP)

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