Senegal’s oil production appears very promising. After starting last June, the Sangomar field deposit is beginning to reach its cruising speed, according to data distilled by the Minister of Energy, Oil and Mines, Birame Souleye Diop on the X network.During the month of October 2024, the Sangomar project generated 2.82 million barrels of crude oil. This volume is in addition to the 8.17 million barrels produced between June and September, or 10.99 million barrels, including 10.57 million removed and marketed through 11 cargoes during these 5 months.»
Another interesting detail put forward by the minister, “to date, all 12 wells in the field are active. Production forecasts for this last half-year are still current (100,000 barrels per day and 11.70 million in 2024.»
The Sangomar deposit is operated by the joint venture made up of the Australian oil company Woodside Energy (operator with a stake of 82% of the capital) with the Société des Petroles du Sénégal -Pétrosen (with a stake of 18% of the capital). The deposit is located approximately 100 km south of Dakar and 2 km below the seabed. The deposit also contains gas.
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Production from the Sangomar field, which began last June, constitutes the first phase of the development of the field which includes the FPSO with a storage capacity of 1.3 million barrels of oil and with a processing capacity of 100,000 to 125,000 barrels per day of crude oil.
The Léopold Sédar Senghor FPSO platform has a processing capacity of between 100,000 and 125,000 barrels/day. DR
The recoverable reserves of the Sangomar field, discovered in 2014, are estimated at nearly 630 million barrels of oil. Likewise, the deposit contains associated natural gas whose reserves are estimated at 113 billion Nm3.
Remember that after oil in June 2024, gas production from the Grand Tortue/Ahmeyim (GTA) field should begin in early 2025. Gas exploitation is being developed by the British BP with the American Kosmos Energy, the Mauritanian Society of hydrocarbons (SMH) and Pétrosen of Senegal.
Read also: What the Senegalese expect from their oil
Finally, it must also be emphasized that in order for the country’s natural resources to benefit the State and the Senegalese populations, the new authorities have promised to renegotiate the contracts signed under the former power, deeming them unfavorable for the country. And as such, the government created a commission to renegotiate oil, gas and mining contracts. This commission is made up of senior executives from the Senegalese administration, experts in the oil, mining, tax and economic fields.
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