Gulf Oil and Gas accountACCOUNT

Development & Exploitation Plan Submitted for Sangomar Field

Source: www.gulfoilandgas.com 12/3/2019, Location: Africa

FAR Limited, as part of the Rufisque Sangomar and Sangomar Deep (RSSD) joint venture advises that the final Sangomar Field Development and Exploitation Plan was submitted to the Government of Senegal, in Dakar on 2 December 2019.

The Development and Exploitation Plan outlines the full field multi-phase development of oil and gas and details how the Sangomar Field (formerly SNE Field) will be developed in a series of phases with plans for 645 mmboe (485 mmbbl oil and 160mmboe gas) to be developed.

Developing this world class oil field in Senegal, the largest global hydrocarbon discovery in 2014, has the potential to transform FAR from explorer to material producer and become one of the largest ASX listed oil producers in early 2023.

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.”

For more information about related Opportunities and Key Players visit West Africa Projects

Development News in Senegal >>

Iran >>  1/25/2020 - Iranian Minister of Petroleum Bijan Zangeneh said Iran's Petropars was developing Phase 11 project of South Pars gas field as CNPC International and T...
Senegal >>  1/22/2020 - FAR Limited has signed a binding Memorandum of Understanding (“MoU”) with Glencore Energy (UK) Ltd for the full allocation of the Company’s share of c...

United Kingdom >>  1/17/2020 - Egdon Resources plc is pleased to report that the Planning Inspectorate has upheld our appeal and granted planning consent for the development of the ...
Senegal >>  1/9/2020 - The Government of Senegal has approved the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture Exploitation Plan and ...

Russia >>  1/29/2019 - Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhut...
Russia >>  1/29/2019 - LUKOIL President Vagit Alekperov and Governor of Yugra Natalya Komarova signed a Cooperation Agreement between the company and the region for 2019-202...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Senegal Oil & Gas 1 >>  2 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.