The Multiannual Budget and Economic Programming Document (Dpbep) 2024 – 2026, reviewed indicates that the expected revenues from the exploitation of the Ahmeyin Great Turtle Deposit (Gta) and Sangomar projects are estimated at a total amount of 753.6 billion CFA francs.
Two major sources of revenue are foreseen in the oil contracts: the State’s share in the production sharing after deduction of oil costs, and the taxes provided for in the contracts and agreements signed.
The document indicates that Senegal is finalizing its oil and gas master plan to develop the local economy and add value in terms of job creation and development of new industries.
For Gta, cross-border between Senegal and Mauritania and realized in 2015, recoverable resources are valued between 420 and 560 billion cubic meters of natural gas.
The two states have decided to exploit this field jointly within the framework of a cooperation agreement providing for an initial allocation of 50% for each country of the resources extracted, according to the newspaper.
Which adds that for the year 2024, it is expected respectively 1.7 million m3 of gas gln and 126 thousand m3 of domestic gas.
For the development of the Sangomar field, which will recover nearly 560 million barrels of oil and 2.4 Tcf of natural gas in the future, and whose production is expected to start in late December 2023, Projections are for 32 million barrels of oil production in the first year, says Dpbep.
