Senegal’s Sangomar Oil Field Commences Production

Senegal has entered a historic chapter with the commencement of oil production from the Sangomar field, announced by operator Woodside Energy. This significant milestone positions Senegal as the newest entrant into the global oil market and marks a transformative moment for the nation’s economy.

Woodside CEO Meg O’Neill hailed the occasion as historic, underscoring its strategic importance in the company’s vision. The Sangomar field, discovered a decade ago off the coast of Dakar, is poised to yield approximately 100,000 barrels of oil per day, with additional gas production slated to follow later this year at the Greater Tortue Ahmeyim project.

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The project’s Phase 1 development, valued at $4.9-$5.2 billion, has seen substantial progress, with the majority of wells drilled and production infrastructure in place. Despite challenges, including delays and strategic shifts, Senegal’s oil and gas ambitions have persevered, supported by international collaboration and expertise.

Senegal’s national oil company, Petrosen, holds an 18% stake in the project, signalling a commitment to harnessing the nation’s natural resources for the benefit of its people. President Bassirou Diomaye Faye’s pledge to conduct audits and renegotiate contracts reflects a commitment to transparency and equitable partnerships in the sector.

The commencement of oil production not only propels Senegal onto the global stage but also heralds a new era of economic growth and opportunity. The extracted oil, meeting international market standards, is poised to bolster Senegal’s revenue streams and reduce its energy dependency, offering a pathway to socioeconomic development.

As Senegal embarks on this journey as an oil-producing nation, stakeholders express optimism for the future, emphasising the potential for further growth and innovation. The collaboration between Woodside Energy and FPSO operator MODEC exemplifies the spirit of partnership and determination driving Senegal’s oil sector forward.

The FPSO Léopold Sédar Senghor, a symbol of technological advancement and cooperation, stands as a testament to Senegal’s potential as a key player in the global energy landscape. With continued investment and strategic planning, Senegal is poised to realise its vision of sustainable development and prosperity for its people.