Senegal appears to be on the verge of becoming a significant producer of hydrocarbons, especially natural gas. The country is already a small-scale natural gas producer. However, between 2014 and 2017, a number of significant oil and gas discoveries were made.
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.
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.