Senegal’s Preacher of Power, Oil and Mining Birame Soulèye Diop will certainly take part at the African Power Week (AEW): Purchase African Power 2024 meeting– Africa’s premier occasion for the power industry occurring from 4– 8 November in Cape Community. Preacher Diop is anticipated to unbox the crucial duty oil and gas plays throughout the MSGBC area, offering understanding right into task growths and future financial investment chances.
Preacher Diop’s engagement comes as the nation commemorates a brand-new turning point in its oil and gas market, with international power firm Woodside Power starting oil manufacturing from the Sangomar Area Advancement– Senegal’s inaugural overseas oil task. Standing for a vital action in the direction of strengthening power safety throughout the MSGBC area, the begin of manufacturing is positioned to introduce a brand-new age of automation and financial development in Senegal. Throughout AEW: Purchase African Power 2024, Preacher Diop will certainly supply understanding right into the turning point accomplished along with the country’s upcoming oil and gas task schedule.
AEW: Purchase African Power is the system of option for task drivers, investors, modern technology companies and federal government, and has actually become the main location to authorize handle African power. See www.AECweek.com to find out more concerning this amazing occasion.
Senegal prepares for quick financial development in 2024– possibly getting to 8.3%– driven by initial gas manufacturing from the Greater Tortue Ahmeyim (GTA) LNG task and initial oil manufacturing from the Sangomar Area Advancement. The Sangomar task– including a stand-alone FPSO center with a capability of 100,000 barrels each day– is created in collaboration with Senegalese nationwide oil firm Petrosen and targets 230 million barrels of petroleum books. The initial stage includes 23 wells– consisting of 11 manufacturing wells, 10 water shot wells and 2 gas shot wells. To day, 21 wells have actually been finished. This accomplishment not just improves Senegal’s oil manufacturing capacities however likewise indicates the nation’s appearance as a gamer in the international power market.
At the same time, the GTA LNG task– situated on the maritime boundary in between Senegal and Mauritania– has actually just recently accomplished a significant turning point with the arrival of the FPSO vessel. The vessel, produced in China, is currently being tied offshore. The GTA advancement will certainly remove gas from deepwater tanks utilizing a subsea system, generating around 2.3 million lots of LNG each year for residential usage and export. The FPSO will certainly refine over 500 million typical cubic feet of gas each day (MMscf/d). The task gets on track for initial manufacturing this year.
Along with this, Senegal strategies to develop a brand-new gas-to-power plant near Saint-Louis, with a preliminary ability of 250 MW, expanding to 500 MW. This plant will certainly be provided with gas from the GTA area as Senegal changes right into a gas-producing country by late 2024. A 400-km gas pipe, handled by the state-owned Senegalese Gas Network, will certainly link GTA to Saint-Louis, Dakar and Mbour. The initial stage includes laying a 45-km overseas pipe and a 40-km onshore sector to connect the GTA advancement to the brand-new gas-to-power plant. The pipe is anticipated to be finished by late 2025, with the nuclear power plant beginning procedures in very early 2026.
At the same time, power significant Kosmos Power thought operatorship of the Yakaar-Teranga gas advancement offshore Senegal in November 2023. The task– targeting 25 trillion cubic feet of gas– stands for among the biggest gas explorations worldwide, with stage one collection to create 550 MMscf/d. With gas generated for the residential market, the task is anticipated to lead the way for raised automation and power generation in Senegal.
” Senegal’s accomplishments in its oil and gas industry– noted by the initial oil from the Sangomar Area Advancement– are a testimony to the nation’s dedication to using its natural deposits for financial development. This turning point not just improves Senegal’s financial leads however likewise establishes a criterion for the MSGBC area, showcasing its prospective to end up being a significant gamer in the international power market,” mentions NJ Ayuk Exec Chairman of the African Power Chamber.
Throughout AEW: Purchase African Power, Preacher Diop will certainly lay out these substantial growths and talk about future strategies targeted at making certain power safety and driving financial development in Senegal. In addition, he will certainly highlight the regulative structures that supply an allowing setting for such financial investments, even more sealing Senegal’s placement as a leading power center in the MSGBC area.
Distributed by APO Team in behalf of African Power Chamber.
