Senegal: Kosmos Energy confirms large-scale gas find offshore

The US oil and gas exploration company, Kosmos Energy has confirmed a large-scale gas find at its Yakaar-2 appraisal well, offshore Senegal.

In a statement released this week, Kosmos said the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100 percent success rate of wells targeting the inboard Mauritania gas trend.

“Senegal is one of the fastest-growing economies in the world and Kosmos is excited to be working alongside BP and PETROSEN (Senegalese national oil company), to support the country’s growing energy needs,” Andre G. Inglis, the company’s Chief Executive Officer said.

Senegal has already established itself as Africa’s exploration frontier with eight major oil and gas discoveries since 2014, most notably Woodside’s FAN oil discovery and the BP-operated Marsouin, Teranga and Yaaker fields which are said to contain up to 50 trillion cubic feet of gas combined.

Between 2020 and 2021, the West African country’s GDP is expected to grow by 7% driven by private investment, while inflation is forecasted to remain low in the midterm.

This year, President Macky Sall of Senegal will receive the prestigious Africa Oil Man of the Year award, presented by Africa Oil & Power, for his efforts in transforming Senegal’s energy sector and positioning the country as a leader in the global oil and gas industry.

President Sall will be presented the award during the Africa Oil & Power conference, to be hosted October 9-11, 2019 in Cape Town.