Senegal launches its first offshore license round

1/28/2020

ASKER, NORWAY – The National Oil Company of Senegal, PETROSEN, officially launched the country’s first ever offshore licensing round at the MSGBC Basin Summit & Exhibition in Dakar, Senegal. The licensing round comprises 12 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 31st, 2020.

TGS is partnering with GeoPartners on an active 3D seismic acquisition to acquire additional regional data so that interested parties can gain greater subsurface understanding ahead of bid submissions. 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 Q4 2020.

Following the license round launch at the King Fahd Hotel, Dakar, further events are planned this year - in London on 20th February and in Houston on 25th February.

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. The palaeo shelf-edge carbonate trend extending south of the Sangomar field and the expanse of prospective area outboard of this to the north and south have led many explorers to the region.

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. TGS is delighted to be able to support this initiative with a full complement of regional data sets that should help E&P companies to de-risk their exploration activities as they seek to take advantage of a world-renowned oil and gas basin.”

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