As a floating production, storage and offloading (FPSO) unit for Senegal’s first offshore oil development arrives in the African country, Australian energy giant Woodside is moving closer to first oil from the project. Currently, the Australian actor is preparing the ground to put the project into production mode in mid-2024.
The arrival of FPSO Léopold Sédar Senghor approximately 100 kilometers off the coast of Dakar, Senegal, comes after Seatrium delivered the vessel to MODEC Offshore Production Systems on December 27, 2023, allowing the FPSO to embark on a journey to its final destination. This production unit will work for Woodside on the Sangomar phase 1 of field development, which is Senegal’s first offshore oil development.
While emphasizing that the arrival of the FPSO marked an important step on the path to first production, Meg O’NeillCEO of Woodside, noted: “We are proud to be Senegal’s first offshore oil project and firmly believe that this project will prove important to Senegal’s future development and prosperity.
“In addition to developing Senegal’s energy resources, we have already begun working with the Senegal government, businesses and local communities to develop programs that create business opportunities, build local capacity, promote employment opportunities and bring vast economic benefits through our operations. .“
Woodside sees the arrival of the FPSO off Senegal as “an important step” with a view to achieving first production from the Sangomar field, scheduled for mid-2024. This also marks the start of the next phase of the project, including the commissioning of the FPSO and tie-in of the 23 production, gas and water injection wells that make up Phase 1 of the Sangomar field development.
“The completion of this phase of the project is only possible through strong partnerships with the Senegalese government, joint venture participant PETROSEN and our contract partners, all of whom have worked in a professional and cooperative manner since the final decision to investment in January 2020.” » added O’Neill.
The Sangomar Phase 1 field development includes a standalone FPSO with subsea infrastructure and an expected production capacity of approximately 100,000 barrels/day. Woodside has been working on Phase 1 development of the Sangomar field, targeting approximately 230 million barrels of crude oil, since the project was approved in January 2020.
This is how Woodside won the contract to supply the FPSO, named after the first president of Senegal, Léopold Sédar Senghor, at MODEC the same year. The vessel was converted from a Very Large Crude Oil Carrier (VLCC) to a fit-for-purpose FPSO. Initially, the first oil was planned for the end of 2023.
However, things changed in July 2023, so first oil is now expected in mid-2024. The total cost of the project should be $4.9 to $5.2 billionan increase from the previous estimate of $4.6 billion, after a review of costs and schedule.
The Léopold Sédar Senghor FPSO, which will be moored in waters approximately 780 meters deep, is designed to produce 100,000 barrels of oil per day and will be able to store approximately 1.3 million barrels of crude oil.