WOPEY - Senegal oil minister sees 2023 start for $4.8B Greater Tortue gas project

The Grand Tortue Ahmeyim offshore gas field development between Mauritania and Senegal is expected to produce its first gas in 2023 following delays related to the pandemic, Senegal Oil Minister Sophie Gladima tells Bloomberg.[[BP]] and Kosmos Energy (KOS) are collaborating on the $4.8B project set to produce 2.5M metric tons/year of liquefied natural gas and 70M cf/day of natural gas in phase 1, to be equally shared between Senegal and Mauritania, Gladima says.The delay from a planned 2022 start has denied Senegal much-needed oil and gas revenues as its economy seeks to recover from the impact of the pandemic, which held back its 2020 economic growth target to just 0.7%.Senegal's $4.2B Sangomar project, developed by Woodside Energy (WOPEY), with an estimated production capacity of 75K-100K bb/day of oil, also is set to start production in 2023, Gladima says.Kosmos has said it expects the breakeven cost for LNG produced in phase

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Senegal oil minister sees 2023 start for $4.8B Greater Tortue gas project