Australia based oil and gas company ‘Woodside Energy’ has filed development and exploitation plan Senegal Government for the Sangomar field, formerly known as SNE, located offshore Senegal
Woodside confirmed as operator of the Sangomar Field Development 1 that request was submitted to the Government of Senegal on 2 December 2019.
The Sangomar Development is projected to generate between U$ 2 billion to U$ 4 billion of direct revenue for the Government of Senegal over the first phase of development.
The Development and Exploitation Plan and exploitation authorization request is the last major regulatory submissions required before final investment decisions can be made by joint venture participants, which will be exercised later this month.
In a separate statement on Tuesday FAR Limited said that the plan outlined the full field multi-phase development of oil and gas and detailed how the Sangomar field would be developed in a series of phases with plans for 645 mmboe (485 mmbbl oil and 160mmboe gas) to be developed.
According to Woodside, the Sangomar Field Development Phase 1 concept is a stand-alone floating production storage and offloading (FPSO) facility with 23 subsea wells and supporting subsea infrastructure.
The FPSO is expected to have a capacity of around 100,000 bbl/day, with first oil targeted in early 2023.
The FPSO will be designed to allow for the integration of subsequent Sangomar development phases, including gas export to shore and future subsea tie-backs from other nearby reservoirs and fields. Phase 1 of the development will target an estimated 230 MMbbl of oil.
Last month, FAR Ltd pursue U$ 350 million lending through conventional banking for Sangomar development.
The Sangomar oil field located in the Sangomar Deep Offshore block, 100 kilometers south of Dakar, will be Senegal’s first offshore oil development with first oil production targeted for 2022.