Related Articles
View offshore: President Macky Sall and Emmanuel Macron close to where LNG exports are due in the early 2020s
Forward article link
Share PDF with colleagues

Senegal seeks to avoid the oil curse

Offshore oil and gas is set to flow within five years, and Senegal is bracing itself for the impact

Senegal's aspirations to become a major hydrocarbons producer are moving ever closer to realisation. Determined that the West African state should avoid the financial mismanagement that has dogged many an oil-rich African country, President Macky Sall is hurrying to implement a regulatory and legislative framework. Senegal is basing plans for its new life as a gas and oil producer on an annual government revenue flow of CFA600bn ($1.04bn) from the two prospective hydrocarbons ventures—the SNE oilfield and the Greater Tortue/Ahmeyim gas project. Both are scheduled to start producing export revenues in the early 2020s. Based on a highly conservative $38.7/barrel average future oil price, thi

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and Singapore’s Pavilion ink LNG supply deal
11 June 2021
BP and a Temasek subsidiary sign a long-term LNG supply deal with a full-cycle emissions ambition
Stronger finances deliver Trafigura trading windfall
10 June 2021
The Singapore-headquartered trader is able to do more, and boost profit, due to enhanced access to credit
US downstream faces emissions scrutiny
10 June 2021
Biden’s low-carbon pledge could mean tighter regulations and punishment for serial emitters
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video