Where did it all go right for Senegal?
Major oil and gas discoveries make the country set to move from speculative play to producer
Just over three years ago, Senegal was in a pack of wannabe African oil states, albeit one with some decent frontier prospects. Now it can boast two separate major hydrocarbons developments, in the SNE and Greater Tortue projects, both seemingly on track towards start up in the early 2020s and supported by an influx of major industry players. This outcome reflects the alignment of several major factors needed to make successful frontier exploration stack up. As a politically stable country with one of the region's better performing economies, a solid legal framework and a stable currency in the CFA franc, Senegal gives oil investors confidence. Better still, the democratically elected presid
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026