DAKAR, 18 January 2021 – The first gas from the $4.8 billion Grand Tortue Ahmeyin project will be produced in 2023, according to Senegal’s Oil Minister Sophie Gladima.
The oil field straddles the offshore waters of Mauritania and Senegal and the two countries own an equal share in the project.
An Intergovernmental Cooperation Agreement signed between BP, Kosmos, and the governments of Senegal and Mauritania lay out the terms of the 50-50 split in revenues for the two countries.
The Grand Tortue Ahmeyin project is expected to produce 2.5 million tons of liquefied natural gas annually – 70 million cubic feet of natural gas a day in its first phase.
British Petroleum (BP) and US-based company Kosmos are in partnership with the two West African countries in two fields: the Grand Tortue (GTA) and the Yakaar Teranga hub projects.
The Yakaar Teranga hub is situated further south of Saint Louis and, according to Senegalese and Mauritanian officials, is expected to produce gas mainly for internal consumption in the two countries.
Senegal’s oil minister said production will start by 2022 or 2023 on the Yakaar-Terranga gas field, estimated to hold 15 to 20 trillion cubic feet of gas, according to data from Senegal’s oil ministry published by the Traderabia News Service.
The outbreak of the new coronavirus contributed to delays in implementation of the project, slightly pushing back the completion date, according Senegal’s Oil Ministry.
Prior to the delay, the first gas was expected to come on-stream in 2022.
Senegal confirmed that it had found reserves in 2014. Additional reserves were found in 2017.
The reserves are estimated to hold more than one billion barrels of oil and 40,000 billion cubic feet of gas.
According to US Trade officials, based on confirmed reserves, Senegal and Mauritania are attractive oil exploration destinations and, very likely, on the way to being major oil and gas exporters for at least ten years.
Further south near Dakar, the Sangomar oil field is being developed by Woodside, with first oil now also expected for late 2023 or early 2024.