The development and exploitation plan and exploitation authorisation request are the last major regulatory submissions required before final investment decisions (FIDs) can be made by each joint venture participant.
JV partners Woodside, Cairn Energy, Far and PETROSEN are targeting their FIDs later this month, subject to the grant of an exploitation authorisation and relevant joint venture approvals.
Woodside chief executive officer Peter Coleman said the submission of the documents was a major milestone for the joint venture and demonstrated the company’s commitment to meeting the permit conditions and progressing the development of the Sangomar field.
“The submission fo the exploitation plan and authorisation request are the culmination of front-end engineering design activities. These are the final documents required by the government ahead of granting approval to proceed,” he said.
“We look forward to continuing to work with the joint venture, the government, our contractors’ other stakeholders to develop this opportunity, which will also be Senegal’s first oil project.”
PETROSEN director general Mamadou Faye said the exploitation plan outlined how the field would be developed “to the benefit of the people of Senegal and the joint venture”.
Phase one of the Sangomar development involves a stand-alone floating production storage and offloading facility (FPSO) with 23 subsea wells and support subsea infrastructure.
The FPSO is expected to have a capacity of around 100,000 bbl/day, with first oil targeted in early 2023. It will be designed to allow for the integration subsequent Sangomar development phases, including gas export to shore and future subsea tiebacks from other reservoirs and field.
Phase one of the development will target an estimated 230 MMbbl of oil