Petrosen News

The floating liquefied natural gas (FLNG) vessel Gimi, that is a core component of the Greater Tortue Ahmeyim (GTA) LNG project, has arrived at its destination on the Mauritania and Senegal maritime border.The FLNG vessel Gimi is at the heart of the GTA Phase 1 development, operated by BP with partners, Kosmos Energy, PETROSEN and SMH.GTA Phase 1 is set to produce around 2.3 million tonnes of LNG per year. The innovative project is expected to produce LNG for more than 20 years…

Woodside completed the transaction to buy 100% of the shares in ConocoPhillips Senegal B.V. The total purchase price was US$350 million plus net customary adjustments of approximately US$90 million. Woodside CEO Peter Coleman said the acquisition was an exciting addition to Woodside’s global growth portfolio. “We look forward to working with the Government of Senegal and joint venture participants Cairn Energy, FAR Limited, and Petrosen, the Senegal National Oil Company, to progress the commercial development of the SNE and FAN discoveries. “Woodside will bring to the joint venture expertise in deep water drilling, development and operation of subsea infrastructure and floating production storage and offloading vessels.

Cairn has made a discovery of high quality oil in the second well in the Senegal exploration programme. The SNE-1 well is located in 1,100 metres (m) water depth and approximately 100 kilometres (km) offshore in the Sangomar Offshore block with a target depth of ~3,000 m and targeting the Shelf Edge Prospect. Intermediate logging of the SNE-1 well has confirmed hydrocarbons in the Cretaceous clastics objective which is of similar age to oil bearing sands found approximately 24 km away in FAN-1. As operator, Cairn has now issued Notices of Discovery for the SNE-1 well and FAN-1 well to the Government of Senegal on behalf of the Joint Venture. Further evaluation of this zone is continuing. The deeper target of karstified and fractured Lower Cretaceous shelf carbonates is yet to be reached.

Cairn together with its joint venture partners have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4,927 m and was targeting multiple stacked deepwater fans. As stated prior to the commencement of operations there are no plans for immediate well testing. Further evaluation will now be required to calibrate the well with the existing 3D seismic in order to determine future plans and optimal follow up locations to determine the extent of the discovered resource.

Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million. Under the terms of the agreement, Kosmos will have a 60 percent stake in the blocks, Timis Corp 30 percent, and Petrosen 10 percent, the draft document said.

Senegal's state owned hydrocarbon firm Petrosen is set to sign a $400 million "farm-in" agreement with Kosmos Energy and Timis Corp regarding its Cayar and St. Louis offshore blocks, a draft document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million. Reporting by Diadie Ba

Elenilto, with state oil company Petrosen, awarded Production Sharing Contract (PSC) by the Government of the Republic of Senegal. The contract is to develop the prospective Senegal Offshore Sud Shallow Oil block. Elenilto will be the operator of the block and Petrosen will have minority participation interest in the project. The block is 7,920 sq km and is located in Southern Senegal Casamance offshore basin. Oil Resources volumetric assessment based on reprocessed 2D seismic coverage indicates potential of 500-800 million barrels of oil in first priority leads. Other deeper possibilities are highly likely and will be explored by Elenilto, who have selected two areas of interest as first priority for immediate further exploration and they intend to begin the 3D seismic survey shortly.