T5 – Senegal – Recent Discovery has Re-ignited Industry Attention on the Basin

Senegal has again become the focus of significant industry attention following a substantial offshore discovery made by the Cairn Energy led JV, which found P50 STOIIP of 950 mmbbls. In addition to this, Kosmos Energy are to sign a $400 million farm-in agreement for two offshore blocks and the national oil company, Petrosen, expect to award two further offshore oil licences by year-end.

Senegal is considered one of Africa’s most politically and economically stable countries and hosts some of the best transportation, telecommunications and communication infrastructure in West Africa. It benefits from one of West Africa’s most pro-business environments and attractive contract terms are offered by the government.

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