The Energy Republic February - March Edition 2023

AFRICAN ENERGY STORIES
plants, and ancillary ac vi es. Through the
explora on and mone za on of its gas reserves,
Senegal hopes to establish itself as a
petrochemical and mining hub, with the West
African na on also home to between 500 million
and one billion tons of phosphates reserves and
630 million tons of proven iron ore reserves.
Mamadou Fall Kane, Deputy Permanent Secretary of COS Petrogaz
Petrogaz Outlines Senegal's Energy,
Oil & Gas Potentials With Positive
Outlook in 2023
Explora on, associated services,
and energy transi on
opportuni es in Senegal were
unpacked at the Invest in African Energy
Recep on in London on January 26 –
organized by the African Energy Chamber
– during a presenta on from Mamadou
Fall Kane, Deputy Permanent Secretary of
COS Petrogaz, tled, First Gas: Senegal’s
Energy Future.
Created in 2016, COS Petrogaz serves to
define, implement and monitor the
country’s hydrocarbon sector strategy,
with a view to ensuring the successful
development of its oil and gas projects.
Senegal holds substan al oil and natural
gas reserves – es mated at 1.03 billion
barrels and 910 billion cubic meters,
respec vely – along with a high poten al
for renewable energy and a geostrategic
loca on on Africa’s western coastline.
With megaprojects including the
Sangomar Field Development, Greater
Tortue Ahmeyim Liquefied Natural Gas,
and the Yakaar-Teranga Development set
to come online between now and 2025,
the presenta on iden fied opportuni es
across the en re value chain of these
projects for oil and gas field services,
including drilling contracts, produc on,
and maintenance.
“The quality of Senegal gas meets all
expecta ons.
In addi on, this me next year, Senegal will
become an oil producer, producing 100,000
barrels of oil from the Woodside-operated
Sangomar project,” noted Fall Kane.
Addi onal upstream opportuni es include 12
blocks currently open for licensing and located
around the exis ng Rufisque Offshore Profond
(ROP) and Ultra Deep Offshore (UDO)
explora on ac vi es, available for block
acquisi on, farm-in, surveying, seismic data
acquisi on and interpreta on, civil works, and
related subcontrac ng. For both major and
junior explorers alike, Senegal offers a long
history of explora on, a wealth of geological
and seismic data of its basins, an a rac ve
fiscal framework, and a stable na onal oil
company, Petrosen, leading the sector.
“Next year, our growth rate is expected to be
10%, which is to say there is a significant
transforma on in the country. This is the me
to invest,” Fall Kane stated.
The presenta on also showcased Senegal’s
gas-to-power strategy, which aims to provide
reliable and affordable energy, specifically
through the first phase of Yakaar-Teranga
which will supply gas for power genera on to
t h e d o m e s c m a r k e t . I n v e s t m e n t
opportuni es within Senegal’s natural gas
value chain include the construc on of gas
infrastructure, conversion of oil power plants,
construc on of new gas-fired power
Furthermore, Senegal is currently on the edge of
transforma on, as it prepares for first gas from
the first phase of the bp-operated GTA
development straddling its mari me border with
Mauritania. Containing up to 15 trillion cubic feet
of gas available for exploita on over a 30-year
period, the project u lizes a floa ng liquefied
natural gas (LNG) facility designed to supply
approximately 2.5 million tonnes of LNG per year,
with a view to driving energy security in both
countries and ushering in a new era of economic
growth through energy mone za on and
exports. Senegal is also set to produce first
commercial oil through its Sangomar Field
Development Phase 1 – the country’s first
offshore oil project – which is an cipated to enter
into produc on in late-2023. Operated by
Woodside Energy, the field – which is located in
the Rufisque, Sangomar and Sangomar Deep
Blocks – is es mated to hold 230 million barrels of
crude oil and is expected to produce 100,000
barrels per day.
In terms of the energy transi on, Senegal holds
significant solar (>240 MW per km2), wind (>350
MW per km2), and hydropower poten al (>1,400
MW). By harnessing its renewable resources,
Senegal also carries the poten al to become a
major producer and exporter of hydrogen and
low-carbon ammonia, genera ng green solu ons
in agriculture, chemicals, mari me transport,
and the produc on of sustainable steel.
His Excellency President Sall has played a pivotal
role in fast-tracking energy development since his
appointment in 2012 and subsequent series of
world-class oil and gas discoveries made in
Senegal between 2014 and 2017, by crea ng an
enabling environment for business to succeed,
adop ng a new hydrocarbons code and a rac ng
sizable foreign direct investments, while s ll
providing for a strong local capacity component.
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OIL AND GAS REPUBLIC I SPECIAL EDITION