Senegal prepares to repeat licensing success
Hot on the heels of FID for its Sangomar oil project, the West African country is heavily promoting a promising licensing round
The full details have been announced of Senegal’s first licensing round since the introduction of a comprehensive new Petroleum Code in 2019 overhauled hydrocarbon sector governance. The round will run from 31 January to 31 July and cover a wide range of open offshore and onshore blocks. The regulatory and fiscal modernisation flowing from the Petroleum Code, replacing the 1998 code, should certainly enhance Senegal’s appeal to international oil companies. But the decisive factor in stirring interest will surely be the impressive exploration results of recent years, including several major finds and development go-ahead for of two big projects—BP’s Grand Tortue Ahmeyim (GTA) gas venture and
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