Australia's Woodside Energy has achieved a groundbreaking feat with the successful launch of oil production at the Sangomar field off the coast of Senegal.
Australia's Woodside Energy has achieved a groundbreaking feat with the successful launch of oil production at the Sangomar field off the coast of Senegal. This accomplishment heralds Senegal's debut as an oil-producing nation, signifying the safe realization of its first-ever offshore oil endeavor.
The Sangomar Field Development Phase 1, a venture undertaken in deep waters, introduces a standalone floating production storage and offloading (FPSO) facility capable of yielding 100,000 barrels per day (bpd). Furthermore, it integrates subsea infrastructure strategically devised to facilitate forthcoming project phases.
“This is an historic day for Senegal and for Woodside,” said Woodside CEO Meg O’Neill. “First oil from the Sangomar field is a key milestone and reflects delivery against our strategy. The Sangomar project is expected to generate shareholder value within the terms of the production sharing contract.
“Delivering Senegal’s first offshore oil project safely, through a period of unprecedented global challenge, demonstrates Woodside’s world-class project execution capability. We are proud of the relationships we have formed with PETROSEN, the Government of Senegal and our key international and local contractors to develop this nationally significant resource.”
Thierno Ly, General Manager of PETROSEN E&P, echoed these sentiments, emphasizing the historic significance of this achievement for Senegal: “First oil from the Sangomar field marks a new era not only for our country's industry and economy, but most importantly for our people.This achievement is the result of the unwavering commitment of our teams, who have worked diligently to overcome challenges and meet our strategic objectives in a complex and demanding environment. We have never been so well positioned for opportunities for growth, innovation, and success in the economic and social development of our nation.”
The Sangomar Field Development Phase 1 proudly features the Leopold Sedar Senghor FPSO, named in honor of Senegal's inaugural president, moored approximately 100 kilometers offshore. With a storage capacity of 1,300,000 barrels, the FPSO symbolizes the grandeur and ambition of the project.
Facilitated by the Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture, comprising Woodside (Operator with an 82% stake) and Societé des Petroles du Sénégal (PETROSEN) (holding an 18% interest), the project maintains cost estimates within the range of US$4.9-$5.2 billion, notwithstanding inherent complexities.
As drilling operations at Sangomar persist, Woodside anticipates continued commissioning efforts and a gradual production escalation throughout 2024. The projected crude quality, boasting approximately 31 degrees API, aligns with the sought-after specifications in European and Asian markets.
The inception of oil production at the Sangomar field symbolizes a monumental achievement for Senegal's energy landscape and stands as a testament to Woodside's proficiency in navigating intricate offshore projects. As production accelerates, the venture is poised to emerge as a cornerstone of Senegal's economic progress and a significant player in global energy markets.
Interested in hearing more about the energy industry? Attend AOW, 7-10 October 2024:
The Sangomar Field Development Phase 1, a venture undertaken in deep waters, introduces a standalone floating production storage and offloading (FPSO) facility capable of yielding 100,000 barrels per day (bpd). Furthermore, it integrates subsea infrastructure strategically devised to facilitate forthcoming project phases.
“This is an historic day for Senegal and for Woodside,” said Woodside CEO Meg O’Neill. “First oil from the Sangomar field is a key milestone and reflects delivery against our strategy. The Sangomar project is expected to generate shareholder value within the terms of the production sharing contract.
“Delivering Senegal’s first offshore oil project safely, through a period of unprecedented global challenge, demonstrates Woodside’s world-class project execution capability. We are proud of the relationships we have formed with PETROSEN, the Government of Senegal and our key international and local contractors to develop this nationally significant resource.”
Thierno Ly, General Manager of PETROSEN E&P, echoed these sentiments, emphasizing the historic significance of this achievement for Senegal: “First oil from the Sangomar field marks a new era not only for our country's industry and economy, but most importantly for our people.This achievement is the result of the unwavering commitment of our teams, who have worked diligently to overcome challenges and meet our strategic objectives in a complex and demanding environment. We have never been so well positioned for opportunities for growth, innovation, and success in the economic and social development of our nation.”
The Sangomar Field Development Phase 1 proudly features the Leopold Sedar Senghor FPSO, named in honor of Senegal's inaugural president, moored approximately 100 kilometers offshore. With a storage capacity of 1,300,000 barrels, the FPSO symbolizes the grandeur and ambition of the project.
Facilitated by the Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture, comprising Woodside (Operator with an 82% stake) and Societé des Petroles du Sénégal (PETROSEN) (holding an 18% interest), the project maintains cost estimates within the range of US$4.9-$5.2 billion, notwithstanding inherent complexities.
As drilling operations at Sangomar persist, Woodside anticipates continued commissioning efforts and a gradual production escalation throughout 2024. The projected crude quality, boasting approximately 31 degrees API, aligns with the sought-after specifications in European and Asian markets.
The inception of oil production at the Sangomar field symbolizes a monumental achievement for Senegal's energy landscape and stands as a testament to Woodside's proficiency in navigating intricate offshore projects. As production accelerates, the venture is poised to emerge as a cornerstone of Senegal's economic progress and a significant player in global energy markets.
Interested in hearing more about the energy industry? Attend AOW, 7-10 October 2024:
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