FID taken on Senegal’s Sangomar field development

Woodside (operator, 35%), Cairn Energy (40%) and FAR (15%) have signed a joint final investment decision (FID) statement, in agreement with Petrosen (10%) and the government of Senegal, regarding the Phase 1 development of the Sangomar field offshore Senegal.

Phase 1 of the project will target estimated proven plus probable (2P) recoverable oil reserves of 231mn barrels (gross). Total recoverable oil resources are estimated to be approximately 500mn barrels over the life of the field. Gas export to shore is also planned.