Yakaar-Teranga, one of the world's largest gas discoveries, holds around 25 Tcf of advantaged gas in place. (Source: Shutterstock)
Kosmos Energy Ltd. announced on Nov. 6 that it has assumed operatorship and increased its working interest in the Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP's exit from the field. Kosmos now holds a 90% operatorship stake in the discoveries, with PETROSEN holds the remaining 10% stake.
Yakaar-Teranga, one of the world's largest gas discoveries, holds around 25 Tcf of advantaged gas in place, with minimal impurities and a small amount of CO2 content, which reduces the need for processing ahead of transportation and liquefaction.
In the announcement’s accompanying press release, Andrew Inglis, chairman and CEO of Kosmos Energy called Yakaar-Teranga one of Senegal’s “crown jewels,” saying it will provide “universal and reliable access to low-cost energy” to the country. He also expects the project to lower emissions and establish Senegal as a reliable supplier of energy to the world.
The current development concept for Yakaar-Teranga is an offshore development producing approximately 550 MMscf/d with domestic gas transported via pipeline to shore and export volumes liquefied on a floating LNG vessel. The concept is being optimized in order to meet domestic and international requirements, after which the project will move into front-end design and engineering.
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