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1. Does your jurisdiction have an established upstream oil and gas industry? What are the current production levels and what are the oil and gas reserve levels?
Since the first discoveries of oil and gas in its sedimentary basins, Senegal has established itself as a strategic player in West Africa. In 2024, the country is now recognised as a hydrocarbon producer, with a notable rise in power thanks to flagship projects such as Sangomar and Grand Tortue/Ahmeyin (GTA).
The Sangomar oil field, located around 100 km off the coast of Senegal, represents a major turning point for the country’s economy. In production since June 2024, this project is based on an FPSO (floating production, storage and offloading unit) capable of producing up to 100,000 barrels a day. With estimated reserves of 630 million barrels of oil and 113 billion Nm³ of natural gas, Sangomar offers Senegal a new source of revenue and export opportunities.
The Grand Tortue/Ahmeyin (GTA) project, located on the maritime border between Senegal and Mauritania, has brought the country into the circle of major producers of liquefied natural gas (LNG). The field, with estimated reserves of 20 TCF (530 billion Nm³), began production on 31 December 2024, with an initial capacity of 2.5 million tonnes of LNG per year. GTA will supply both the domestic market and exports, offering an unprecedented opportunity for regional cooperation in the energy field. As well as diversifying Senegal’s revenues, the project will help reduce energy dependency and open up opportunities for local industrial development.