{"id":10729,"date":"2021-08-12T10:53:49","date_gmt":"2021-08-12T10:53:49","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10729"},"modified":"2021-08-12T10:53:49","modified_gmt":"2021-08-12T10:53:49","slug":"oil-gas-companies-are-failing-to-capitalize-on-msgbc-basins-huge-gas-discoveries-globaldata","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/oil-gas-companies-are-failing-to-capitalize-on-msgbc-basins-huge-gas-discoveries-globaldata\/","title":{"rendered":"Oil &#038; Gas companies are Failing to Capitalize on MSGBC Basin\u2019s Huge Gas Discoveries &#8211; GlobalData"},"content":{"rendered":"<p>Two major gas discoveries have been made in the MSGBC Basin; however, oil and gas companies so far have failed to capitalize on these significant resources, and it could be quite some time until we see an intention to develop them, says GlobalData.<\/p>\n<p>One reason for the lack of movement on the MSGBC Basin could be the Final Investment Decision (FID) that was made on the cross-border Tortue\/ Ahmeyim LNG development in 2018, followed by the Senegalese development of the Sangomar oilfield in early 2020. These developments will bring the two countries into the world of oil and gas exporting and further world-class discovered resources indicate major upside still to be captured in both countries.<\/p>\n<p><strong>Conor Ward, Oil and Gas Analyst at GlobalData, comments:<\/strong>\u00a0\u201cThere is significant potential in both Senegal and Mauritania, and so far, cautious investment has been made to kick-start smaller scale developments in both countries. In comparison, while there have been far larger discoveries in BirAllah and Yakaar-Teranga, little progress has been made towards commercial development of these fields.\u201d<\/p>\n<p><img decoding=\"async\" class=\"CToWUd a6T\" tabindex=\"0\" src=\"https:\/\/ci3.googleusercontent.com\/proxy\/Qko15BF96xxU3YGEv51P79hJAm3xcXiSedRPWczYBz9hRHpzTzFKYTO6yjS6VJIUSuaWy5CBWbN-GftIQfcAlZAis_t8stqjSNHbRrH0-N3V8EEXINEO88BFo-eACRzbRtEqc9wntrqdC1LZwCUjI1yR2GtOnDKk_yDsejV8=s0-d-e1-ft#https:\/\/eu.vocuspr.com\/Publish\/3434416\/vcsPRAsset_3434416_143121_c1e993b5-82da-4e13-9430-2784591f68d6_0.png\" alt=\"PR13682-02.png\" \/><\/p>\n<p>The world-class Yakaar-Teranga and BirAllah area discoveries hold approximate resources of 10-25 Tcf and 12-60 Tcf, respectively, of gas initially in place, enough to support their own LNG developments.<\/p>\n<p>Ward adds: \u201cThis significant resource base should be attracting far more interest than it currently seems to be. Despite mentions of potential development plans, little progress has been made by the participants towards FID. This slow movement could in part be due to the market impacts caused by the COVID-19 pandemic and the vast amount of capital that would be required to unlock these resources. In a time when companies are increasingly more careful with their budgets, and in an area where they have limited experience, it is likely that the participants will wait and see the success of Tortue\/ Ahmeyim before making a concrete decision on Yakaar-Teranga and BirAllah.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two major gas discoveries have been made in the MSGBC Basin; however, oil and gas companies so far have failed to capitalize on these significant resources, and it could be &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/oil-gas-companies-are-failing-to-capitalize-on-msgbc-basins-huge-gas-discoveries-globaldata\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[9521,1535,8641,9519,2283,9520,9522],"class_list":["post-10729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-birallah","tag-mauritania","tag-msgbc-basin","tag-sangomar-oilfield","tag-senegal","tag-tortue-ahmeyim-lng-development","tag-yakaar-teranga","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/sangomar-fpso.jpg?fit=1429%2C817&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2N3","jetpack-related-posts":[{"id":10934,"url":"https:\/\/www.oilnewskenya.com\/index.php\/guinea-bissau-independent-ep-companies-iocs-unlock-prospective-offshore-msgbc-acreage\/","url_meta":{"origin":10729,"position":0},"title":"GUINEA BISSAU: Independent E&#038;P Companies, IOC\u00b4s Unlock Prospective Offshore MSGBC Acreage","author":"","date":"September 28, 2021","format":false,"excerpt":"By Miguel\u00a0Artacho, Field Editor Oil and gas investors with an interest in Africa have made significant investments in some of the countries of the MSGBC Basin \u2013 which comprise\u00a0Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry\u00a0\u2013 such as Senegal and Mauritania, where the world-class Grand Tortue Ahmeyim (GTA) gas project currently underway\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Equitorial-Guinea-Oil.jpg?fit=512%2C335&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11413,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ensuring-the-development-of-a-robust-and-efficient-oil-and-gas-value-chain-in-the-msgbc-region\/","url_meta":{"origin":10729,"position":1},"title":"Ensuring the Development of a Robust and Efficient Oil and Gas Value Chain in the MSGBC Region","author":"","date":"December 16, 2021","format":false,"excerpt":"Day one of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition featured an opening keynote address by OPEC Secretary General, H.E. Mohammed Barkindo, who spoke on the outlook of the MSGBC Basin and the region\u2019s potential to become a formidable competitor in the industry through the development of\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-Flag-scaled.jpg?fit=1200%2C781&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-Flag-scaled.jpg?fit=1200%2C781&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-Flag-scaled.jpg?fit=1200%2C781&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-Flag-scaled.jpg?fit=1200%2C781&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Senegal-Flag-scaled.jpg?fit=1200%2C781&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7988,"url":"https:\/\/www.oilnewskenya.com\/index.php\/guyana-mauritania-and-russia-led-global-resource-discoveries-in-2019-globaldata\/","url_meta":{"origin":10729,"position":2},"title":"Guyana, Mauritania and Russia led global resource discoveries in 2019 &#8211; GlobalData","author":"","date":"February 17, 2020","format":false,"excerpt":"In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The company's report, \u00a0reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019, Guyana, Mauritania and Russia hosted the most\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/maersk_deliverer-2.jpg?fit=432%2C473&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10780,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-oranto-drives-shallow-water-exploration-offshore-senegal\/","url_meta":{"origin":10729,"position":3},"title":"Atlas Oranto Drives Shallow-Water Exploration Offshore Senegal","author":"","date":"August 19, 2021","format":false,"excerpt":"Since discovering commercial hydrocarbon reserves in 2014, Senegal has emerged as a regional exploration hotspot within the MSGBC Basin and continent at-large. Today, the West African nation is home to ongoing drilling campaigns from leading IOCs and some of the largest gas megaprojects on the continent, including the Greater Tortue\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/Senegal-Oranto-Petroleum.jpg?fit=741%2C529&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/Senegal-Oranto-Petroleum.jpg?fit=741%2C529&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/Senegal-Oranto-Petroleum.jpg?fit=741%2C529&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/Senegal-Oranto-Petroleum.jpg?fit=741%2C529&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13775,"url":"https:\/\/www.oilnewskenya.com\/index.php\/grand-tortue-ahmeiym-gta-phase-2-sets-the-stage-for-energy-development-in-senegal-mauritania\/","url_meta":{"origin":10729,"position":4},"title":"Grand Tortue Ahmeiym GTA Phase 2 Sets the Stage for Energy Development in Senegal &#038; Mauritania","author":"","date":"July 6, 2023","format":false,"excerpt":"As the first phase of the Grand Tortue Ahmeyim (GTA) gas project reaches 90% completion, and first gas targeted for the end of fourth-quarter of 2023, Mauritania and Senegal are already looking ahead to the next stage, which is expected to commence between 2024 and 2025.According to Lehbib Khroumbaly, Advisor\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/GTA-FPSO.jpg?fit=750%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/GTA-FPSO.jpg?fit=750%2C500&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/GTA-FPSO.jpg?fit=750%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/GTA-FPSO.jpg?fit=750%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12290,"url":"https:\/\/www.oilnewskenya.com\/index.php\/senegal-technip-energies-cos-petrogaz-partnership-is-a-step-towards-domestic-gas-market-growth\/","url_meta":{"origin":10729,"position":5},"title":"SENEGAL:  Technip Energies, COS Petrogaz Partnership is a Step Towards Domestic Gas Market Growth","author":"","date":"May 26, 2022","format":false,"excerpt":"Engineering services and technologies company, Technip Energies, has signed a Memorandum of Understanding (MoU) with COS Petrogaz \u2013 the agency tasked with the definition, supervision, evaluation and control of implementation of state policy in oil and gas projects in Senegal. The MoU will see the two organizations collaborating in the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Mauritania.jpg?fit=599%2C776&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Mauritania.jpg?fit=599%2C776&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Mauritania.jpg?fit=599%2C776&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10729"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10729\/revisions"}],"predecessor-version":[{"id":10730,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10729\/revisions\/10730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9540"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}