The Senegalese government is anticipating the launch of the second phase of the Sangomar oil field development by 2028. This phase will involve the drilling of around eight additional wells to sustain and potentially increase production. According to Thierno Seydou Ly, Director-General of Petrosen, the country's national oil company, discussions are currently underway with Woodside Energy, the Australian operator of the field.
The second phase of the Sangomar oil field development is expected to involve significant investments, although the exact cost has not yet been determined. Ly stated that more visibility on the investment costs will be available in the coming days. The development of the oil field, located offshore in the western part of the country, is a crucial project for Senegal's energy sector.
Senegal began its oil production in June 2024 from the Sangomar field. The country also started producing gas in December 2024, which it shares with Mauritania. The government is working to maximize the benefits of its natural resources, and the second phase of the Sangomar oil field development is a key part of this strategy.
The development of the Sangomar oil field is a significant milestone for Senegal's energy sector. The country is working to establish itself as a major player in the region's oil and gas industry. The second phase of the project will help to sustain production and potentially increase output.
According to Ly, the estimates for the second phase of the project are subject to change, depending on the optimizations that will be implemented. The discussions with Woodside Energy are focused on various aspects of the project, including infrastructure, production volumes, and financial and fiscal matters.
The Sangomar oil field is located offshore in the western part of Senegal. The field is a significant contributor to the country's energy sector, and the second phase of its development is expected to have a major impact on Senegal's economy. The government is working to ensure that the benefits of the project are shared equitably among the population.
The launch of the second phase of the Sangomar oil field development is expected to have a positive impact on Senegal's economy. The project will create jobs, stimulate economic growth, and increase the country's revenue from oil and gas production. The government is working to ensure that the project is implemented in a responsible and sustainable manner.
Key points
- The second phase of the Sangomar oil field development is expected to involve approximately eight additional wells.
- The project is anticipated to launch by 2028.
- The development of the Sangomar oil field is a significant milestone for Senegal's energy sector.
