The SNE JV offshore Senegal (Cairn 40%, Woodside 35%, FAR 15%, Petrosen 10%) has entered FEED for Phase 1 of the SNE development. The engineering contract has been awarded to the Subsea Integration Alliance (OneSubsea, Schlumberger and Subsea 7).
First oil is being targeted for 2022 with an initial production rate of c.100mbopd. The exploitation plan had previously identified a total development of 500mmbbl of oil over a multi-phase development with the Phase 1 FEED targeting 230mmbbl from the base, thicker sand package.
Woodside noted that the Senegalese Minister of Petroleum and Energies has approved Woodside’s transition to operator of the RSSD JV (Rufisque, Sangomar and Sangomar Deep) and the SNE development. Separately, FAR continues its commercial arbitration around the initial deal between Conoco and Woodside.
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