Senegal achieved first oil production from the Sangomar deepwater field in June 2024, operated by Woodside Energy (Australia) with 82 percent working interest and Senegal's state company Petrosen holding 18 percent. The Sangomar Phase 1 development targets peak production of 100,000 barrels per day, adding approximately $1.5 billion annually to Senegal's export revenues. Combined with the BP-operated Greater Tortue Ahmeyim LNG project at the Mauritania-Senegal maritime border, Senegal will become a dual oil and gas exporter for the first time.
Resource Governance
Senegal's incoming government under President Bassirou Diomaye Faye, elected in March 2024, has pledged resource sovereignty and renegotiation of terms for existing petroleum contracts. The ITIE (Extractive Industries Transparency Initiative) framework, to which Senegal adheres, requires publication of all contract terms and revenues. Civil society organisations including Publish What You Pay Senegal are monitoring revenue flows. Oil service companies, investors, and traders active in West African petroleum can access Senegal market entry contacts on intra-africa.com.
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