OFFSHORE EXPLORATION
BP’s major gas discovery adds to West Africa’s growing tally
Majors are investing in the waters of Senegal and Mauritania in the hope of repeating smaller players’ recent successes
Dakar — BP and joint venture partner Kosmos Energy have revealed a major gas discovery off Senegal, adding to other recent finds off the West African coast. Oil majors are investing in the waters of Senegal and Mauritania in the hope of repeating the recent exploration success of smaller players. "Yakaar-1 … further confirms our belief that offshore Senegal and Mauritania is a world-class hydrocarbon basin," Bernard Looney, the CEO of BP Upstream, said on Monday. In 2015, New York-listed Kosmos discovered a gas pool in the Tortue 1 exploration well, part of the Greater Tortue Complex spanning Senegal and Mauritania, which contained more than 424-billion cubic metres of gas. Since then, BP has formulated plans to acquire a 30% interest in the two offshore blocks called Saint-Louis Profond, which includes the Senegalese sector of the Tortue field and Cayar Profond. BP has also agreed to buy a stake of close to 60% in Kosmos’s Mauritanian exploration blocks. Gas from the Tortue field i...
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