The first development phase of the oil field, still ongoing with new exploratory drilling planned, is expected to cost between $4.9 and $5.2 billion. Woodside has an 82 percent stake in the deepwater project with the remainder held by Senegal’s state-owned energy company Petrosen.
Where is Sangomar offshore oil & gas field in Senegal?
Sangomar offshore oil and gas field (formerly the SNE field) is located around 100km from Dakar, the capital city of Senegal. Modec selected Hamworthy Pumps as the supplier of a complete pump package for Sangomar Offshore Field in Senegal. (Credit: Hamworthy Pumps) FPSO Leopold Sédar Senghor. (Credit: Woodside)
Does Senegal have oil?
Senegal has joined the ranks of oil-producing nations with Australian company Woodside Energy on Tuesday announcing the start of production in the West African country’s first offshore project. The discovery of oil and gas fields in 2014 raised great hopes for the economy of Senegal, among the 25 least developed countries in the world.
What does Woodside’s Sangomar oil project mean for Senegal?
¡°This is an historic day for Senegal and for Woodside,¡± said Woodside CEO Meg O¡¯Neill. ¡°First oil from the Sangomar field is a key milestone and reflects delivery against our strategy. The Sangomar project is expected to generate shareholder value within the terms of the production sharing contract.