Senegal has set up a commission of legal, tax, and energy sector experts to review its oil and gas contracts and work to rebalance them in the national interest, Prime Minister Ousmane Sonko said on national television on Monday.
The first shipments of Senegalese crude oil from the Sangomar project are on their way to refineries in the Netherlands and Germany, marking a new era for the Senegalese economy.
As the world calls for a reduction in the use of fossil fuels, new African players are emerging on the global stage and beginning to produce oil. With Niger creating its own oil and gas school in 2011, the Franco-British oil company Perenco recently made an offshore oil discovery in the Democratic Republic of Congo (DRC). Meanwhile, Ivory Coast plans to triple its oil production by 2027.
$5.2 bil Woodside project pumping 100,000 b/d of medium sour oil
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Senegal’s President Bassirou Diomaye Faye has said profits from the sale of oil and gas will be “well managed” as the West African state started producing oil for the first time.
Japanese FPSO operator MODEC has congratulated Woodside Energy on starting production at Senegal’s first offshore oil development where a floating production storage offloading (FPSO) unit it sold to the Australian energy giant is working.
The renegotiation of mining and oil contracts announced by Senegal’s new president to benefit local populations would be “risky” for investment and future partnerships, industry players have warned.
Senegal’s newly elected President Bassirou Diomaye Faye has stated that he would conduct a thorough audit of Senegal’s oil , gas and mining sectors.
Newly elected President Bassirou Diomaye Faye has announced Senegal’s plans to conduct an audit of the oil, gas, and mining sectors.
The floating liquefied natural gas (FLNG) vessel for a Mauritania-Senegal project of BP PLC has arrived at its destination on the maritime border of the two countries, the British energy giant said.