View offshore: President Macky Sall and Emmanuel Macron close to where LNG exports are due in the early 2020s
Senegal seeks to avoid the oil curse
Offshore oil and gas is set to flow within five years, and Senegal is bracing itself for the impact
Senegal's aspirations to become a major hydrocarbons producer are moving ever closer to realisation. Determined that the West African state should avoid the financial mismanagement that has dogged many an oil-rich African country, President Macky Sall is hurrying to implement a regulatory and legislative framework. Senegal is basing plans for its new life as a gas and oil producer on an annual government revenue flow of CFA600bn ($1.04bn) from the two prospective hydrocarbons ventures—the SNE oilfield and the Greater Tortue/Ahmeyim gas project. Both are scheduled to start producing export revenues in the early 2020s. Based on a highly conservative $38.7/barrel average future oil price, this
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