Woodside – the operator of the Sangomar field (formerly named SNE) has submitted the Sangomar Development and Exploitation Plan and exploitation authorisation request to the Government of Senegal, pertaining to the Sangomar Field Development.
It is a major step for the operating joint-venture (JV), composed of Woodside, Cairn Energy, FAR Ltd and state-owned company Petrosen. The long-awaited final investment decision could take place this month, subject to the grant of an exploitation authorization and a common agreement among JV members.
Petrosen Director General Mamadou Faye said: “The Exploitation Plan outlines how the field will be developed to the benefit of the people of Senegal and the joint venture, and we are excited about being in a position to take a final investment decision.”
He further commented that the submission of the Exploitation Plan and authorisation request is the culmination of front-end engineering design activities.
“These are the final documents required by the Government ahead of granting approval to proceed. We look forward to continuing to work with the joint venture, the Government, our contractors and other stakeholders to develop this opportunity, which will also be Senegal’s first oil project,” he said.
The Sangomar Field Development Phase 1 concept is a stand-alone floating production storage and offloading (FPSO) facility with 23 subsea wells and supporting subsea infrastructure. The FPSO is expected to have a capacity of around 100,000 bbl/day, with first oil targeted in early 2023.
Senegal will be host to the first edition of Senegal Oil & Power on May 26-27 2020, the only event spanning the entire value chain, ranging from oil and gas to power and renewables.