Senegal is set to get its first floating production storage and offloading (FPSO) vessel, in a bid to transform the country into a major oil producer. This follows the discovery of the SNE and other oil fields off the West African nation’s coast.
According to GlobalData Oil & Gas, development of the three-phase SNE field ‘is expected to generate approximately US$16 billion in undiscounted fiscal take for the government’.
As reported by Africa Oil & Power, the FPSO will be located approximately 100 km offshore (south of Dakar) and designed to reach production capacity of 100 000 barrels of crude oil per day, starting in 2022.
The first phase of the development will target an estimated 230 million barrels of oil from 11 wells, 10 water injectors and two gas injectors.
