Petronas joining Total in offshore Senegal block

Petronas subsidiary PC Senegal has signed an agreement with Total to acquire a 30% interest in the Rufisque Offshore Profond block.

Aug 15th, 2018

Offshore staff

KUALA LUMPUR, Malaysia – Petronas subsidiary PC Senegal has signed an agreement with Total to acquire a 30% interest in the Rufisque Offshore Profond block.

Total will retain operatorship with 60% equity, with Société Nationale des Pétroles du Sénégal (Petrosen) holding the remaining 10%.

The block covers 10,357 sq km (3,999 sq mi) in water depths ranging from 100-3,000 m (328-9,842 ft). It is close to various large oil and gas discoveries in the St Louis Profond, Cayar Profond, and Rusfique Sangomar Offshore Deep blocks.

Exploration drilling will start after the partners have identified and assessed a suitable prospect, Petronas added, based on interpretation of 3D seismic.

This is the company’s first license position off Senegal. Its upstream strategy is to grow its exploration portfolio in West Africa, where it presently operates an ultra-deepwater block offGabon, with plans to extend exploration in the region.

Woodside Energy and its joint venture partners in thedeepwater SNE oilfield offshore Senegal may undertake further 3D seismic work across the SNE field during H1 2019.

The aims would be to improve the resolution and quality of existing data, Woodside said, with a focus on the S400 reservoir, and to support development planning by optimizing production and water injection well design.

08/15/2018

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