Senegal is preparing the next stage of Sangomar’s development. PETROSEN hopes to launch a second phase of the project around 2028, with an initial scenario involving approximately eight wells. The aim would be to maintain production at around 100,000 barrels per day and, depending on the findings of the studies, potentially increase it.
A project still under negotiation
This prospect remains conditional, however. The technical and economic parameters have not been finalised, and the investment cost has yet to be determined. Discussions between PETROSEN and Woodside cover infrastructure, production volumes, and the project’s financial and tax terms.
2027: a pivotal year
PETROSEN hopes to reach an agreement before the end of the year and make a final investment decision in the first quarter of 2027. This milestone will need to confirm the viability of the well programme and allocate commitments between the partners.
The distinction between the stated ambition and the investment decision is essential: 2028 is currently a target, rather than a confirmed start date. The ongoing studies could still change the number of wells, the budget or the timetable.
Extending production and safeguarding value
The second phase aims to sustain Sangomar over the long term, following the start of production in 2024. For Senegal, the challenge is to maintain a significant level of production while ensuring that investment and value-sharing arrangements remain sustainable.
The next milestone will therefore be less about announcing a timetable than testing feasibility: the project can move forward once the partners have agreed on its scope, cost and commercial terms. Until then, 2028 remains a planning horizon.