Petrosen Director General to Discuss National Oil Company (NOC) Upstream Agenda at MSGBC 2023 Conference
Thierno Seydou LY, Director General for Senegalese national oil company (NOC), Petrosen, will participate at the 2023 edition of the MSGBC Oil, Gas & Power conference and exhibition (https://apo-opa.info/3YUMr6o) as a keynote speaker. During the event, Seydou will share the NOCs action plan for the upstream sector following the milestone of first oil and gas production, expected late 2023, as well as insight into progress made regarding local content, gas-to-power and other investment opportunities across the Senegalese E&P landscape.
With Senegal’s energy sector on the precipice of a transformation owing to first production at the 100,000 barrel-per-day Sangomar Oilfield development and the 2.3 million tons per annum (mtpa) Greater Tortue Ahmeyim (GTA) project, Petrosen, as the entity responsible for the government’s interests in all upstream commercial hydrocarbon activities, is committed to maintaining the development momentum ushered in with first hydrocarbons. As such, the company has prioritized the opening up of the upstream market even further, with first production representing a major incentive for interested players from the regional and global E&P landscape.
Under a consolidated development agenda which would see upstream developments translate into multi-sector investments on the back of revenue generation and reinjection, Senegal’s NOC is working towards ensuring O&G activities reap tangible benefits for the MSGBC population.
On the upstream front, Petrosen – alongside the Ministry of Petroleum and Energies – opened a licensing round in 2020 with a dozen blocks up for bid; supports the government’s goals outlined in Petroleum Code and Emergent Senegal Plan; and is working with its partners to get other large-scale projects off the ground. In addition to GTA’s Phase 1, the NOC has approved the development concept for Phase 2 of the project, which will see production increase from 2.3 mtpa to 5 mtpa while more than 20 blocks with high potential for discoveries are available, with more contracts expected to be signed this year.
In addition to upstream expansion, the NOC has ambitious plans for local content and power generation, investing heavily in these segments of the economy so as to increase the contribution of the O&G industry to the wider Senegalese economy. Currently, Petrosen – under the leadership of Seydou – is working closely with the Senegalese National Local Content Monitoring Committee to strengthen the Local Content Law; on the development of key infrastructure including gas-to-power facilities; and towards the creation of the National Oil and Gas Institute – aimed at increasing the amount of experienced and skilled engineers and technicians.
Meanwhile, on the downstream front, Petrosen – through its downstream affiliate, Petrosen T&S – is working towards strengthening its presence across the industry, expanding operations into various industries including storage and petrochemicals while integrating the value chain with the future creation of a plant to produce urea from gas in order to supply the region with fertilizers. With a focus on economy-wide beneficiation, Petrosen is committed to developing every sector of the Senegalese economy on the back of oil and gas.
Serving as Director General, Seydou continues to play an instrumental part in strengthening the role of the NOC as an upstream player, ensuring that the company represents the ideal partner for majors and independents as well as a competitive player in its own right. With years of experience in the oil and gas space, and an ambition to kickstart socioeconomic growth in Senegal on the back of hydrocarbons, Seydou will drive discussions on Senegal’s E&P agenda, how the country will maintain its attractiveness for foreign investment and upcoming projects.
With regional cooperation at the fore, Petrosen continues to make strides towards positioning the country as a regional energy hub, and the MSGBC Oil, Gas & Power 2023 conference represents the ideal platform to advance this agenda.
Taking place from November 21-22 in Mauritania, MSGBC Oil, Gas & Power returns for another edition with a more refined deal-signing and engagement focus. In this sense, the event promises to be even bigger and better than before, with organizations such as Petrosen leading discussions on the future of the MSGBC regional energy sector. MSGBC Oil, Gas & Power 2023 will take place under the Patronage of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber.
Distributed by APO Group on behalf of Energy Capital & Power.