Country report
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18 Pages

Senegal upstream summary

Senegal upstream summary

Report summary

Senegal has been largely overlooked by the upstream industry, despite a legacy of stability and relative prosperity. The Senegal-Bove Basin sits on a passive margin in the eastern Atlantic and shares much of its geology with its northern neighbour Mauritania. Although an active petroleum system has been proven, Senegal's production has been limited to small volumes of gas from the onshore Diam Niadio field. A potentially transformational basin opening pair of Cretaceous deepwater discoveries were made in 2014 by Cairn Energy. The FAN and SNE oil fields were made on the Sangomar Deep Block in October and November 2014 respectively and initial indications are they hold over 500 million barrels combined. Further appraisal and exploration on Sangomar Deep in 2016 and beyond will help better define the finds as well as the basin's longer term prospects. Interest in the deepwater was further increased by Kosmos' cross border Tortue (a.k.a Ahmeyim) gas discovery made in Mauritania.

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 597.82 KB 18 Pages, 10 Tables, 6 Figures
  • Country Overview XLS - 455.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Geology Introduction
    • Basin Evolution
    • Petroleum System
  • Exploration
    • Licensing
    • Licensing History
      • 1950s-1960s
      • 1970s
      • 1980s
    • Drilling
      • Drilling activity
      • 1990s-Present
      • 2016 and beyond
      • Historic Drilling Activity
      • 1950s-1960s
      • 1970s - 1980s
      • Success rates
  • Reserves and resources
  • Production
    • Gas
  • Infrastructure
    • Introduction
      • Refinery
      • Pipelines
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State participation
    • Licensing
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic Market Obligation (DMO)
      • Cost Recovery
      • Profit Sharing
      • Contractor Revenue Entitlement
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
      • Other Taxes

In this report there are 16 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Net Acreage 2015
  • Geology
    • Map of Basins
  • Exploration
    • Licensed Blocks in Senegal
    • Exploration: Table 1
    • Drilling Activity by Well Type
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
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