Are all petroleum producers affected by the risks in Senegal?
But they should also recognize that not all petroleum producers are affected by the risks in the same way. Senegal¡¯s petroleum revenues are likely to remain relatively modest, less than 1 percent GDP in the immediate future and not expected to ramp up to more than 3 percent of GDP on the back of existing projects.
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
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.
Are pipeline delays a problem for Senegal?
For example, gas projects that require pipelines straddling countries faced delays, as well as the Tweneboa-Enyenra-Ntomme (TEN) field in Ghana, which reached first oil two years later than expected as a result of a maritime border dispute with Côte d¡¯Ivoire.49 The risk of delays remains relevant for Senegal.