Woodside’s U.S. corporate office is located in Houston. (Source: Shutterstock)
Australia’s Woodside Energy achieved first oil from its deepwater Sangomar development offshore Senegal. It’s the African country’s first offshore oil project.
“First oil from the Sangomar field is a key milestone and reflects delivery against our strategy,” Woodside CEO Meg O’Neill was cited saying in the company’s Jun. 11 press release. “The Sangomar project is expected to generate shareholder value within the terms of the production sharing contract.”
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The Sangomar field development phase 1 includes the Léopold Sédar Senghor FPSO with a nameplate capacity of 100,000 bbl/d. The project has subsea infrastructure designed for subsequent development phases.
The FPSO is moored 100 km offshore Senegal and has a storage capacity of 1.3 MMbbl.
Phase 1 development includes 23 wells (11 production wells, 10 water injection wells and two gas injection wells). 21 of the wells have been drilled and completed including nine production wells. A 24th production well has been approved and will be completed in the current campaign, Woodside said in the release.
The Sangomar project is being progressed by the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture. Partners include Woodside, operator, with an 82% interest and Societé des Petroles du Sénégal (Petrosen) with an 18% interest.
Phase 1 will cost an estimated $4.9 billion-$5.2 billion. Sangomar’s drilling campaign is ongoing and Woodside expects to continue commissioning activities and ramp up production through 2024.
Woodside’s historical acquisition of participating interests in the RSSD JV from both Capricorn Energy and FAR included certain contingent payments. Given current timing of first oil and oil prices Woodside anticipates making both these payments. The final payments are subject to ongoing production performance and oil price.
Woodside’s U.S. corporate office is located in Houston.
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