Which companies are operating in Senegal’s oil and gas sectors?
The following are the main companies operating in Senegal’s oil and gas sectors: BP (BP.L) and U.S.-listed Kosmo Energy (KOS.N) are leading the development of Greater Tortue Ahmeyim (GTA), Senegal’s first liquefied natural gas (LNG) project.
Are Senegal’s oil and gas projects moving ahead?
Preparing for delays In spite of the pandemic and global economic crisis, Senegal’s two main oil and gas projects (GTA and Sangomar) are moving ahead, albeit with some delay.
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
Does Senegal have oil & gas reserves?
Senegal has been a small-scale producer of natural gas for decades. But since 2014, there have been a number of significant discoveries of oil and gas reserves. Of these, two major projects (the Sangomar and GTA fields) have secured FIDs. Senegal made its first major oil strike in November 2014, when Cairn Energy discovered the Sangomar field.