Senegal will launch key projects and encourage new momentum
in 2020, representing the vision of the country President, Macky Sall, and the
government to make energy a foundation for growth.
Africa Oil & Power is organising the nation’s official
energy event, ‘Senegal Oil & Power 2020’, with the support of the Ministry
of Petroleum and Energy, as the government and organizer invite global
investors to Dakar on May 27-28 to meet with key players and explore new
projects.
Senegal is offering oil and gas blocks to global explorers
in its 2020 licensing round, open its first utility-scale wind farm and make
progress on key oil and gas projects in 2020. The government and organizer
Africa Oil & Power invite local, regional and international investors to
the first annual Senegal Oil & Power event, to take place on 27-28 May 2020
at the Abdou Diouf International Conference Center (CICAD) in Dakar.
Supported by the Ministry of Petroleum and Energy, Senegal
Oil & Power 2020 unites the energy sector at Senegal’s official oil, gas
and power event. The conference is accompanied by the second edition of an
investor guide titled Africa Energy Series: Senegal 2020 to be released later
in the year.
“Senegal Oil & Power and the Africa Energy Series report
are the national platform to promote Senegal’s voice in the international
energy sector. These initiatives show how important energy is in the nation’s
economic emergence,” said James Chester, Acting CEO of organizer Africa Oil
& Power. “Senegal is no longer an exploration hotspot, it is at the center
of a proven and prolific oil and gas province. There are few places in Africa
that offer such a stable and secure investment environment, with long term
government vision and support for a wide range of energy activities,” it was learnt.
Senegal Oil & Power is the sole event in Senegal with
full government support that opens up national and regional opportunities
across the entire value chain – not just in oil and gas. The 2020 program
presents leaders and projects representing the full spectrum of energy
activities, from oil and gas exploration to local goods and service provision,
infrastructure, finance and power production and distribution.
The theme of the conference is ‘A New Wave of Investment’,
reflecting the investment-led vision of President Sall and Senegal’s agenda to
develop the economy on a foundation of a diversified energy sector. Eight oil
and gas discoveries have been made since 2014 and in 2022, first oil will be
produced from the Sangomar oilfield and first gas from BP’s Greater Tortue
Ahmeyim (GTA) LNG project.
“2020 is due to be a big year in Senegal’s energy sector, as
the government will present oil and gas licenses in a global roadshow as part
of the 2020 licensing round; Lekela Power’s PETN wind farm will provide 2
million people with power from next year; key progress will be made on the GTA
project with McDermott completing fabrication of the subsea production system;
and Halliburton will begin drilling and completion services at the close of
2020 for production at Sangomar, which received FID in January,” a report
stated.
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