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.”
RELATED
Woodside Brings in the Know-how
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.
RELATED
Everywhere All at Once: Woodside CEO Touts Current Global Portfolio
Recommended Reading
E&P Highlights: June 24, 2024
2024-06-24 - Here’s a roundup of the latest E&P headlines, including TotalEnergies working with Nigeria to reach FID on the Ubeta gas field and Chevron signing production sharing contracts for two blocks offshore Equatorial Guinea.
E&P Highlights: July 1, 2024
2024-07-01 - Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
E&P Highlights: June 4, 2024
2024-06-03 - Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.
E&P Highlights: May 28, 2024
2024-05-28 - Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.
Exxon Mobil Goes Long with Permian’s Poker Lake Well
2024-06-04 - Exxon Mobil’s Permian wells manager tells Hart Energy about the successes and challenges in drilling one of the longest lateral wells in the basin.