Senegal to launch next oil, gas licensing round in October at AOP 2019

8102324506 7056a2112a zExploration hotspot Senegal will launch its next oil and gas licensing round at the Africa Oil & Power 2019 Conference & Exhibition, to be hosted 9-11 October in Cape Town

The announcement follows the signing of cooperation between Africa Oil & Power, Cos-Petrogaz and national oil company, Petrosen, on a drive to promote the next investment phase of the country.

Last week, Republic of Senegal President Macky Sall met with Africa Oil & Power CEO Guillaume Doane to discuss Senegal’s ambitious plans to bring mega oil and gas projects online and attract new market operators. At the conference on 9 October, President Sall will receive the prestigious Africa Oil Man of the Year award.

“Through this new drive for investment, we look forward to working with Africa Oil & Power on positioning Senegal for a new era of projects and prosperity,” said Ousmane N’Diaye, permanent secretary of COS-Petrogaz.

Senegal has been pioneering in its efforts to make energy work for greater economic growth and development and acknowledges the potential and early results presented by President Sall’s Plan Senegal Emergent Initiative (PSE).

Senegal’s government is determined to #MakeEnergyWork. Senegal is preparing to become a middle-income country by 2035, largely through its dedicated focus on the oil, gas and power sectors following the discovery of massive hydrocarbon reserves. The government’s goal is to achieve this through the PSE initiative launched in 2014.

“With discovery after discovery, Senegal has distinguished itself as one of Africa’s leading exploration frontiers. Another licensing round is certain to draw interest from a wide variety of operators,” added Guillaume Doane.

“With several world-class oil and gas discoveries, Senegal has built an excellent reputation globally in the energy industry. Through a new licensing round and investment drive, we are eager to capitalise on Senegal’s strong track record to attract new operators and exploration,” commented Mamadou Faye, managing director of Petrosen.

Exploration efforts are also growing in the country’s offshore, with explorers such as Oranto Petroleum launching exploration campaigns at the St. Louis Shallow Block, building on the country’s existing presence since entering the Cayar Shallow Block in 2008.

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