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
Also in this section
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
