Senegal’s Ministry of Petroleum and Energy, together with the Senegalese National Oil Company (Petrosen) and supported by GeoPartners, will launch the 2020 Senegal Licensing Round with an opening event on January 28, 2020, in Dakar.
The licensing round, announced at Africa Oil Week in Cape Town in November 2019, comprises twelve blocks on offer in the MSGBC Basin, offshore Senegal.
The round launches officially on Friday, January 31, 2020, and applications should be delivered to the Ministry of Petroleum and Energy no later than 17:00 on 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.
The licensing round seeks to increase investment in the country, presenting opportunities for short medium and long-term investment, with future rounds planned.
In related news, Senegal’s first multi-phase oil and gas development, the Woodside-operated Sangomar project, has recently achieved significant milestones, including the approval of the field development plan and the receipt of the 25-year Exploitation Authorization from the Government of Senegal.
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