Sangomar Field Development Submits Development And Exploitation Plan
Tuesday 3 December 2019
Woodside, as operator of the Sangomar (formerly named SNE) Field Development1, is pleased to advise the Sangomar Development and Exploitation Plan and exploitation authorisation request were submitted to the Government of Senegal on 2 December 2019.
The Development and Exploitation Plan and exploitation authorisation request are the last major regulatory submissions required before final investment decisions can be made by each joint venture 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 and demonstrated Woodside’s commitment to meeting the permit conditions and progressing the development of the Sangomar field.
“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, which will also be Senegal’s first oil project,” he said.
Petrosen Director General Mamadou Faye said: “The Exploitation Plan outlines how the field will be developed to the benefit of the people of Senegal and the joint venture, and we are excited about being in a position to take a final investment decision.”
The Sangomar Field Development Phase 1 concept is a stand-alone floating production storage and offloading (FPSO) facility with 23 subsea wells and supporting subsea infrastructure. The FPSO is expected to have a capacity of around 100,000 bbl/day, with first oil targeted in early 2023.
The FPSO will be designed to allow for the integration of subsequent Sangomar development phases, including gas export to shore and future subsea tie-backs from other reservoirs and fields. Phase 1 of the development will target an estimated 230 MMbbl of oil.
Far limited as part of the Rufisque Sangomar and Sangomar Deep (RSSD) joint venture has stated that the final Sangomar Field Development and Exploitation Plan was submitted to the Government of Senegal, in Dakar on 2 December 2019.
The plan outlines the full multi-development of oil and gas and how the field will be delvipment in phases with plans for a 645 mmboe (485 mmbbl oil and 160mmboe gas) to be developed.
Petrosen, the National oil company of Senegal, Director General Mamadou Faye said: “The Exploitation Plan outlines how the field will be developed to the benefit of the people of Senegal and the joint venture, and we are excited about being in a position to take a final investment decision.”
FAR managing director Cath Norman, said, “Submission of the final version of the Development and Exploitation Plan for the Sangomar Field Development is a huge milestone for FAR and the joint venture. FAR has been in the RSSD project offshore Senegal since 2006 and is thrilled to be developing one of the largest offshore oil discoveries of the last ten years. The Sangomar Field Development is anticipated to result in considerable cash generated for FAR and its shareholders from first oil in 2023, a time when FAR would also be one of the largest oil producers listed on the ASX. This is an exciting time for the joint venture, the people of Senegal and the FAR shareholders.”