Woodside Vitality Group Ltd. mentioned Tuesday it has achieved maiden manufacturing within the Sangomar subject, making it the primary offshore petroleum improvement to go onstream in Senegal.
Situated 100 kilometers (62.1 miles) south of the capital Dakar, Sangomar is estimated to carry confirmed and possible reserves of 230 million barrels of crude. The primary part of improvement includes manufacturing of as much as 100,000 barrels a day via the Léopold Sédar Senghor floating manufacturing, storage and offloading vessel, named after the primary president of the Western African nation.
9 manufacturing wells have been accomplished, out of a complete of 21 wells accomplished, Woodside mentioned in a press release.
The primary part of improvement has now been modified to drill a complete of 24 wells, from the preliminary 23. The revision brings the variety of part one manufacturing wells to 12. The variety of water injection and fuel injection wells have been maintained at 10 and two respectively.
“That is an historic day for Senegal and for Woodside”, Woodside chief government Meg O’Neill commented.
“Delivering Senegal’s first offshore oil challenge safely, via a interval of unprecedented world problem, demonstrates Woodside’s world-class challenge execution functionality”, O’Neill added. “We’re pleased with the relationships we’ve fashioned with PETROSEN, the Authorities of Senegal and our key worldwide and native contractors to develop this nationally important useful resource.”
Work on the challenge began 2020. Startup was rescheduled from late 2023 to mid-2024 after delays, which additionally got here with elevated prices.
Thierno Ly, normal supervisor of Senegal’s state-owned Petrosen, mentioned, “This achievement is the results of the unwavering dedication of our groups, who’ve labored diligently to beat challenges and meet our strategic targets in a fancy and demanding atmosphere”.
Petrosen holds an 18 p.c taking part stake within the subject, whereas Australian exploration and manufacturing firm Woodside owns the remaining 82 p.c as operator. Woodside’s internet share of manufacturing is 60 million barrels. The challenge is being applied by Woodside-Petrosen three way partnership Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD).
“Now we have by no means been so effectively positioned for alternatives for progress, innovation, and success within the financial and social improvement of our nation”, Ly added.
Sangomar is one among Woodside’s “progress tasks” alongside Mexico’s Trion subject, which is focused to start out producing 2028, and the Scarborough subject liquefied pure fuel challenge (LNG) in Australia, which is deliberate to start LNG supply 2026.
Woodside expects to ramp up manufacturing in Sangomar all through the remainder of the 12 months.
“Crude high quality is predicted to be ~31 levels API which is in demand in European and Asian markets”, it mentioned.
Woodside mentioned expenditures for the challenge remained inside the supplied vary of $4.9 billion to $5.2 billion, which was a rise of seven to 13 p.c from the earlier estimate.
It added, “Woodside’s historic acquisition of taking part pursuits within the RSSD three way partnership from each Capricorn Vitality and FAR included sure contingent funds”.
“Given present timing of first oil and oil costs Woodside anticipates making each these funds”, Woodside mentioned. “The ultimate funds are topic to ongoing manufacturing efficiency and oil worth”.
To contact the creator, e mail jov.onsat@rigzone.com
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