The FEED work for the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture project, located offshore of Senegal, involves undertaking activities required to finalise the costs and technical definition for the proposed development to enable a final investment decision, which is currently targeted for mid-2019. The joint venture comprises Capricorn Senegal Limited, Woodside, FAR Ltd and Petrosen.
The decision to commence FEED activities follows the award of the subsea FEED contract to Subsea Integration Alliance, with further relevant contracts also set to be awarded in early 2019.
Woodside CEO Peter Coleman, said the decision to commence FEED activities was a significant step towards the development of Senegal’s first oil project.
“We plan to progress the SNE development towards the earliest possible commercialisation of the discovered resources. Completing FEED activities will be a key enabler of a final investment decision,” he said.
“We are also excited to be moving forward on the SNE development as it is a key pillar of Horizon Two of our growth strategy.”
“As part of FEED activities, the RSSD joint venture will continue working with the Government of Senegal, local communities and our contractors to realise the potential opportunities and benefits from this nationally significant development,” Mr Coleman announced.
In addition to the commencement of FEED, the Joint Venture project financing has now commenced.
Phase 1 of the SNE development will target an estimated 230 million barrels of oil resources from 11 producing wells, 10 water injectors and 2 gas injectors. This phase will primarily target the lower, less complex reservoirs. The FPSO is expected to have a capacity of around 90,000 barrels in Phase 1, with first oil production targeted in 2022.
More information on this project can be found here.