BP and U.S.-based company Kosmos are in partnership to develop two fields: the Grand Tortue (GTA) and the Yakaar Teranga hub. The GTA gas field straddles Senegal and Mauritania. The Intergovernmental Cooperation Agreement signed between BP, Kosmos, and the governments of Senegal and Mauritania provide for a 50-50 split in revenues.
Is Senegal a good place for oil exploration?
A succession of discoveries off the Senegalese coastline since 2014 has made the country attractive to oil exploration companies. BP and U.S.-based company Kosmos are in partnership to develop two fields: the Grand Tortue (GTA) and the Yakaar Teranga hub. The GTA gas field straddles Senegal and Mauritania.
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.
How has power Africa aided the Senegalese gas sector?
Power Africa has also successfully provided technical assistance and capacity building to aid the nascent Senegalese gas sector. Senegal has a dozen offshore blocks that are currently open, including new ultra-deep offshore blocks. Several blocks remain open and the Government of Senegal remains open to queries from interested developers.