Woodside Energy has successfully achieved first oil from the Sangomar field, marking a significant milestone for the Australian giant in offshore oil production for Senegal.
The project, known as the Sangomar Field Development Phase 1, includes the floating production storage and offloading (FPSO) facility Léopold Sédar Senghor moored approximately 100km offshore, capable of handling 100,000 barrels per day.
It also features extensive subsea infrastructure, designed to allow subsequent development phases. The development includes 23 wells, consisting of production, water injection, and gas injection wells, with 21 already drilled and completed. An additional production well has also been sanctioned.
“This is an historic day for Senegal and for Woodside,” Woodside CEO Meg O’Neill said, in a press release. “First oil from the Sangomar field is a key milestone and reflects delivery against our strategy. The Sangomar project is expected to generate shareholder value within the terms of the production sharing contract.”
The Sangomar project is been a collaborative effort involving Senegalese oil company PETROSEN, the Government of Senegal, and various international and local contractors.
In the press release, O’Neill was keen to point out that the delivery of Senegal’s first offshore oil project came amidst global challenges. PETROSEN E&P’s General Manager Thierno Ly also expressed pride in this accomplishment, noting its transformative impact on Senegal’s industry and economy.
“This achievement is the result of the unwavering commitment of our teams, who have worked diligently to overcome challenges and meet our strategic objectives in a complex and demanding environment. We have never been so well positioned for opportunities for growth, innovation, and success in the economic and social development of our nation,” he said.
Woodside, holding an 82% stake in the venture, alongside PETROSEN’s 18%, has maintained the project’s cost estimate within the $4.9bn-$5.2bn range, with ongoing drilling and commissioning activities set to continue throughout 2024.
