Kosmos Energy Ltd. announced on Nov. 6 that it has assumed operatorship and increased its working interest in the Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP's exit from the field. Kosmos now holds a 90% operatorship stake in the discoveries, with PETROSEN holds the remaining 10% stake.

Yakaar-Teranga, one of the world's largest gas discoveries, holds around 25 Tcf of advantaged gas in place, with minimal impurities and a small amount of CO2 content, which reduces the need for processing ahead of transportation and liquefaction.

Senegal map
Offshore Senegal discoveries map. (Source: Kosmos Energy)

In the announcement’s accompanying press release, Andrew Inglis, chairman and CEO of Kosmos Energy called Yakaar-Teranga one of Senegal’s “crown jewels,” saying it will provide “universal and reliable access to low-cost energy” to the country. He also expects the project to lower emissions and establish Senegal as a reliable supplier of energy to the world.

The current development concept for Yakaar-Teranga is an offshore development producing approximately 550 MMscf/d with domestic gas transported via pipeline to shore and export volumes liquefied on a floating LNG vessel. The concept is being optimized in order to meet domestic and international requirements, after which the project will move into front-end design and engineering.