It marks the start of a new era for the country, where gas production is also due to begin by the end of the year at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, operated by BP (BP.L), straddling Senegal’s border with Mauritania.
Is Senegal the world’s newest oil producer?
Our Standards: The Thomson Reuters Trust Principles. Senegal’s Sangomar oil and gas field has produced its first oil, operator Woodside Energy said on Tuesday, turning the West African nation into the world’s newest oil producer.
Will Senegal re-negotiate oil and gas contracts with foreign operators?
Senegal’s newly elected President Bassirou Diomaye Faye has said his government would conduct an audit of the nation’s oil, gas and mining sectors, and re-negotiate the terms of oil, gas and mineral contracts with foreign operators in the country.
Can Senegal become a hydrocarbon producer?
Senegal, with large reserves of natural gas, appears to be on the verge of becoming a significant hydrocarbon producer. This resource wealth presents opportunities, but also risks. NRGI’s new paper reviews the experience of other ?new producers? and draws lessons for Senegal.