Woodside, as operator of the Sangomar (formerly SNE) Field Development, has announced that the Sangomar Development and Exploitation Plan and exploitation authorisation request were submitted to the Government of Senegal on 2 December 2019.
These are the last major regulatory submissions required before final investment decisions can be made by each joint venture [1] participant, which is targeted to occur later this month – subject to the grant of an exploitation authorisation and relevant joint venture approvals.
Woodside CEO, Peter Coleman, said the submission of the documents was a major milestone for the joint venture.
“The submission of the Exploitation Plan and authorisation request is the culmination of front-end engineering design activities. These are the final documents required by the Government ahead of granting approval to proceed.”
“We look forward to continuing to work with the joint venture, the Government, our contractors and other stakeholders to develop this opportunity,” he said.
The Sangomar Field Development is positioned to be Senegal’s first offshore oil development.
The Phase 1 development concept for the Sangomar field is a stand-alone floating production storage and offloading (FPSO) facility with subsea infrastructure.
If it goes ahead, the FPSO is expected to have a capacity of approximately 100,000 bbl/day, with first oil targeted in early 2023.
The FPSO would be designed to allow subsequent development phases, including options for potential gas export to shore and for future subsea tiebacks from other reservoirs and fields. Phase 1 of the development would target an estimated 230 MMbbl of oil.
[1] The Sangomar Field Development joint venture comprises Capricorn Senegal Limited (a subsidiary of Cairn Energy) (40 per cent interest), Woodside (operator, 35 per cent interest), FAR Limited (15 per cent interest) and PETROSEN (10 per cent interest).
