Senegal's Sangomar oil project is 60% complete and a first barrel is expected in the second half of 2023, Woodside executive vice president for international operations Shiva McMahon said at a conference in Senegal on Sept. 1.
Australia's Woodside holds 82% of the oil and gas field being developed off the West African country, while Senegal's national oil company Petrosen holds 18%.
The company has been looking to sell down its stake since July 2021.
But Woodside executive told Reuters in May that the $4.6 billion Sangomar oil project in Senegal had attracted "a bit more interest" in the wake of the Ukraine conflict.
Sangomar, due to start up in 2023, will produce sour crude similar to Russia’s Urals crude, which European refiners use.
Recommended Reading
Top ESG Trends in Q1 2023: Data is Everything
2023-01-25 - Pickering Energy Partners predicts an increased importance placed on providing and analyzing ESG-related data in the first quarter of 2023.
Democrats at COP27 Worry Republican Election Gains Will Hurt Climate Agenda
2022-11-10 - The administration of Democrat U.S. President Joe Biden is hoping the United States, the world’s second-biggest greenhouse-gas emitter behind China, can be a world leader in slashing emissions.
Column: Much Ado About Venezuelan Sanctions
2022-12-15 - Initial moves by Washington and Caracas in their geopolitical chess match led to the restart of negotiations between the ruling party and the opposition around a democratic solution to Venezuela’s political crisis and issuance of a license to allow Chevron Corp. to produce and lift its oil in Venezuela.
US, EU Plan New Pledge Targeting Oil, Gas Methane Emissions: Document
2022-11-09 - The "Global Methane Pledge," proposed by the U.S. and EU last year, has been signed by 119 countries thus far and would cut methane emissions 30% by 2030.
Has Green Hydrogen Sprung a Leak?
2022-12-22 - According to scientific studies, the benefits of green hydrogen dissipate if 10% of production, transportation, storage or usage leaks occur.