Exploitation of the Sangomar oil field; the cost of the first phase estimated at $5.2 billion.
The first phase of the development of the Sangomar field is a deep-water project comprising an autonomous floating production, storage and unloading installation - notably the FPSO Léopol Sédar Senghor moored 100 km off the coast of Dakar - with a nominal capacity of 100,000 barrels/day. It also includes an underwater infrastructure designed to prepare for subsequent development phases.
The ship named after Senegal's first president has a storage capacity of 1,300,000 barrels. In total, 23 wells (11 production wells, 10 water injection wells and 2 gas injection wells) will be affected by the first phase. Note that 21 of the 23 wells have been drilled and completed, including 9 production wells.
The joint venture Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD), composed of Woodside (operator and 82% participation) and the Société des Petroles du Sénégal (PETROSEN, 18% participation) which is leading the project, has also approved the drilling of a 24th production well. This will be completed during the current campaign.
According to Zonebourse.com, the cost estimate for phase 1 of the Sangomar field development project remains within the expected range of 4.9 to 5.2 billion USD.
Source: Seneweb.com
