Senegal will launch major projects and stimulate a new momentum in 2020, reflecting the vision of President Macky Sall and the government to make energy the foundation for growth
Senegal is offering oil and gas blocks to global explorers in its 2020 licensing round, opening its first utility wind farm and making progress on major oil and gas projects in 2020.
Supported by the Ministry of Petroleum and Energy, Africa Oil & Power is organising the first energy event of the nation, Senegal Oil & Power, to be held on 27-28 May 2020 at the Abdou Diouf International Conference Centre (CICAD) in Dakar.
The conference is accompanied by the second edition of an investor guide titled Africa Energy Series: Senegal 2020 to be released later in the year.
James Chester, the acting CEO of organiser Africa Oil & Power, said, “Senegal Oil & Power and the Africa Energy Series report are the national platform to promote Senegal’s voice in the international energy sector. These initiatives show how important energy is in the nation’s economic emergence.
“Senegal is no longer an exploration hotspot, it is at the centre of a proven and prolific oil and gas province. There are few places in Africa that offer such a stable and secure investment environment, with long term government vision and support for a wide range of energy activities.”
The theme of the conference is “A New Wave of Investment”, reflecting the investment-led vision of President Macky Sall and Senegal’s agenda to develop the economy on a foundation of a diversified energy sector.
Eight oil and gas discoveries have been made since 2014 and in 2022, first oil will be produced from the Sangomar oilfield and first gas from BP’s Greater Tortue Ahmeyim (GTA) LNG project. 2020 is due to be a big year in Senegal’s energy sector: The government will present oil and gas licenses in a global roadshow as part of the 2020 licensing round; Lekela Power’s PETN wind farm will provide two million people with power from next year; vital progress will be made on the GTA project with McDermott completing fabrication of the subsea production system; and Halliburton will begin drilling and completion services at the close of 2020 for production at Sangomar, which received FID in January.
