Woodside has denied media reports stating that Senegal has been forced to delay its first oil and gas projects by up to two years because of the COVID-19 pandemic. According to Woodside reiterates that first oil from the Sangomar Field Development (formerly the SNE field) Phase 1 remains on track for 2023, in line with previous guidance.
Woodside and its joint venture partners Capricorn Senegal Limited (a subsidiary of Cairn Energy PLC) FAR Limited and Societé des Petroles du Sénégal (Petrosen) took an unconditional final investment decision for the Sangomar Field Development Phase 1 and commenced execution phase activities in January 2020. Since then, Woodside has taken early action to proactively manage the emerging impacts of COVID-19 on the supply chain and project schedule.
Woods adds that it is working with project contractors, the Government of the Republic of Senegal and our joint venture partners to optimise near-term spend whilst protecting the overall value of the investment and deliver first oil in 2023.
This phase of the development will target approximately 230 million barrels of crude oil.