Are Senegal’s offshore oil and gas fields ready for 2023 production?
Senegal’s offshore oil and gas fields at Sangomar and Grand Tortue Ahmeyim (GTA) are steaming ahead for new targets of 2023 production on the back of positive reports for their Floating, Production, Storage and Offloading (FPSO) vessels nearing construction.
When will oil & gas production start in Senegal?
The production of oil and gas in Senegal is currently expected to start in 2023 for both the GTA and Sangomar projects. This represents a delay compared to the first timeline put forward by companies for both projects which targeted 2021.36,37
Where in Senegal is oil & gas in 2023?
Grand Tortue holds confirmed reserves of 100 trillion cubic feet of gas. Further south near Dakar, the Sangomar oil field is being developed by Woodside, with first oil expected in 2023. The GOS approved a new Petroleum Code in 2019 updating Senegal’s oil and gas legal framework.
Where does Senegal get its oil?
Almost all its crude oil needs are imported from Nigeria and then refined in Senegal’s only refinery, African Refining Company (SAR), supplemented by imports of oil products. Relying on oil product imports to cover 60% of the related demand, Senegal has been exposed to oil price hikes in recent years. Senegal produces minor amounts of natural gas.