LICENCE ROUND APPLICATION EXTENDED

The Ministry of Petroleum and Energy has announced an extension to the deadline for submission of applications until 17:00 (GMT) on Wednesday 30th September 2020.


INTRODUCTION AND OVERVIEW

The 2020 Senegal Licensing Round will be an open competitive tender with applications evaluated on the basis of standard criteria. The Licensing Round is the second international competitive bidding round arranged by the Ministry of Petroleum and Energy in Senegal.

There has been a significant increase in oil and gas activities in Senegal in recent years, and multi-client 2D and 3D acquisitions within the promoted areas indicate that these levels of activity are warranted. 

The Senegal Licensing Round will officially commence on Friday 31st January 2020 and will remain open for a period of six months. Applications are to be submitted to the Ministry of Petroleum and Energy no later than 17:00 (GMT) on Wednesday 30th September.

Twelve (12) blocks will be available for licensing in the MSGBC Basin.

A summary of the regional geology and petroleum prospectivity of the blocks on offer is provided, based on the technical studies undertaken by PETROSEN and its partners,  utilising some of the regional multi-client seismic data available. Information regarding multi-client data available is also included, with contact information for the main seismic contractors.

Details of the formal Application Procedures and a summary of the licence terms and conditions are included. Further information, regarding the relevant law, the PSC and the JOA will be widely publicised through electronic media, and on this website.

ORGANISATION OF THE LICENSING ROUND

The promoted zones are offshore the Republic of Senegal, in a large area bordered by Mauritania in the North, Guinea Bissau in the south and Cape Verde in the west. The Republic of The Gambia occupies a narrow band separating Senegal into two regions.

Oil and gas activity in the Republic of Senegal is governed by the new Petroleum Law (Loi n°2019-03). The Government, represented by the Minister of Petroleum and Energy, is responsible for the application of the policy defined by the President of the Republic. The Ministry is assisted by PETROSEN, the National Oil Company of Senegal.

The Ministry of Petroleum and Energy is responsible for the preparation and implementation of the policy of the energy sector and all applicable standards.

PETROSEN represents the State in both upstream and downstream of the Energy Sector.

A promotion committee, comprising representatives from the Ministry of Petroleum and Energy and PETROSEN, has been set up for the following:

·        The marketing of open blocks to the oil industry

·        The recording of all expressions of interest from oil companies

·        The tracking of technical data purchases

·        The Management of communication and information to interested parties

An Evaluation Committee, under the auspices of the Ministry of Petroleum and Energy, has the responsibility of evaluating oil company bids at the close of the Licensing Round.