Country Report
Senegal upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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Geology
- Geology Introduction
- Basin Evolution
- Petroleum System
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Exploration
- Licensing
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Licensing History
- 1950s-1960s
- 1970s - 1980s
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Drilling
- Drilling activity
- Success rates
- Reserves and resources
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Production
- Oil/liquids
- Gas
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Infrastructure
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Introduction
- Refinery
- Pipelines
- Port
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Introduction
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Policy and regulation
- Key legislation
- Regulatory body
- State participation
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Licensing
- Licence periods for oil exploitation
- Local content
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Fiscal terms
- Overview
- Upstream
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Mid/Downstream
- Pipelines
- Gas utilisation
- Current fiscal terms
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State equity participation
- Participation rate
- Carry & reimbursement
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Bonuses, rentals and fees
- Signature bonuses
- Production bonuses
- Area rentals
- Training fees
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Indirect taxes
- Social development levies
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Royalty and other production taxes
- Royalty
- Export duty
- Environmental / CO2 taxes
- 8 more item(s)...
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Country MapNet Acreage 2025
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Reserves and contingent resources at 01/01/2025Reserves and resources: Table 1Reserves and resources: Table 2Map of BasinsLicensed Blocks in SenegalExploration: Table 1Production: Table 1Liquids ProductionProduction: Table 2
- 9 more item(s)...
What's included
This report contains:
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