Country Report
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.
Table of contents
- 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
- Success rates
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
-
Introduction
- Refinery
- Pipelines
- Port
-
Introduction
-
Policy and regulation
- Key legislation
- Regulatory body
- State participation
- Licensing
- Local content
-
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
- Other Taxes
Tables and charts
This report includes 21 images and tables including:
- Key facts: Table 1
- Country Map
- Net Acreage 2024
- Reserves and contingent resources at 01/01/2024
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Map of Basins
- Licensed Blocks in Senegal
- Exploration: Table 1
- Production: Table 1
- Liquids Production
- Production: Table 2
- Gas Production
- Drilling Activity by Well Type
- Geological and Commercial Success Rates
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
What's included
This report contains:
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