Senegal launches offshore licensing round

The National Oil Company of Senegal, Petrosen, has officially launched the country’s first ever offshore licensing round at the MSGBC Basin Summit & Exhibition in Dakar, Senegal.

As previously reported by Offshore Energy Today, the licensing round comprises twelve blocks on offer in the MSGBC Basin, offshore Senegal.

Companies will be able to submit bids over the coming six months, with final applications delivered to the Ministry of Petroleum and Energy at the latest by Friday, July 31, 2020.

Petrosen has partnered with TGS, GeoPartners, and PGS to provide over 14,000 km of 2D data, over 10,000 km of 3D data and over 50,000 sq km of Multibeam data with associated shallow cores and geochemistry, to interested parties.

TGS is partnering with GeoPartners on an active 3D seismic acquisition to acquire additional regional data.

TGS said on Tuesday that this latest stand-alone survey (SN-UDO-19) is located in northern Senegal and is an extension to the recently completed SS-UDO-19 3D acquisition in southern Senegal. The survey has been designed to illuminate plays in ultra-deep water, enabling explorers to build upon the success the basin has experienced with the Sangomar field, the GTA complex and Yakaar discoveries.

The SN-UDO-19 survey is over 70 percent complete, with fast track data available during the second quarter of 2020. The full dataset will be available by 4Q 2020, TGS added.

The Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea Conakry (MSGBC) Basin is home to several recent high-profile oil and gas discoveries, both on and off the shelf.

Rune Eng, Executive Vice President, Southern Hemisphere at TGS, commented, “The launch of Senegal’s landmark license round is a seminal moment in the nation’s hydrocarbon history.”

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