Senegal Set to Offer 10 Offshore Blocks in 2020 License Round

Source: www.gulfoilandgas.com 11/15/2019, Location: Africa

The National Oil Company of Senegal, PETROSEN, has announced the launch of the country’s first offshore licensing round, to be launched at the MSGBC Basin Summit & Exhibition in Senegal in January 2020. The round will be open for six months - until the end of July 2020 - and will comprise 10 offshore exploration blocks.

TGS holds a range of data across this acreage to support the licensing round, including 2D seismic, 3D seismic, Multibeam and Seafloor Sampling data. The company is also currently acquiring additional 3D seismic data to provide potential bidders with a greater subsurface understanding ahead of bid submissions.

The MSGBC Basin is home to several recent high-profile oil and gas discoveries, set in a variety of play types, both on and off the carbonate shelf. These include the Albian sandstone shelf edge SNE oil field - the largest global discovery of 2014 - the 25 tcf Greater Tortue Ahmeyim project - the largest gas discovery of 2015 - and the Lower Cenomanian sandstone basin floor fan Yakaar-1 gas well - the largest global discovery of 2017. All are located offshore Senegal, within ~100 km of the Dakar Peninsula, leaving a vast area yet to be explored.

Beyond these significant discoveries, modern exploration activity has been limited in the region. Two new wells are to be spudded in 2020 in AGC and Guinea-Bissau, south of Senegal and in close proximity to blocks in the upcoming license round. Wolverine-1 (CNOOC) and the Atum and/or Anchova (Svenska/FAR) prospects will target shelf edge plays and give vital information about similar plays in the open blocks. The majority of the blocks and acreage offered in the licensing round are in ultra-deepwater depths, as operators plan to target the large, clean, well-sorted sands of the unrestricted basin floor.

Speaking at the launch during Africa Oil Week Senegal’s Minister of Petroleum and Energy, H.E. Mouhamadou Makhtar Cissé, commented, “I would like to state the immense opportunities that exist in Senegal, as well as reassure a stable regulatory and investment framework. Investors should be excited and ready to take on the challenge to take advantage of Senegal’s opportunities within its oil and gas sector.”

For more information about related Opportunities and Key Players visit West Africa Projects


United States >>  7/1/2022 - As the second step in a three-step planning process, the Department of the Interior issued the “Proposed Program” for the National Outer Continental S...
United States >>  7/1/2022 - On July 1, 2022, the Department of the Interior (DOI) announced the availability of the Proposed Program for the 2023-2028 National Outer Continental ...

United Kingdom >>  6/28/2022 - Baron Oil Plc, the AIM-quoted oil and gas exploration company with projects in SE Asia and the UK, announces that at the Annual General Meeting of the...
Egypt >>  6/27/2022 - Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with Roger Planck, Chairman of the Board of Directors of the American ...

Mongolia >>  6/27/2022 - The AIM-listed Mongolian oil explorer Petro Matad Limited ("Petro Matad" ) releases its audited final results for the fiscal year that ended on Decemb...
Uruguay >>  6/27/2022 - With assets in oil production, appraisal, development, and exploration across the region, Challenger Energy (CEG), an oil and gas company with a focus...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.