Senegal is moving to expand its oil and gas sector with a US$100 million onshore exploration campaign, led by the state-owned company Petrosen, following the revocation of licenses from operators who had made little or no progress on their concessions.
The initiative aims to unlock untapped potential in Senegal’s onshore fields, complementing the country’s growing offshore production from major projects such as the BP-led Greater Tortue Ahmeyim (GTA) gas field and Woodside Energy’s Sangomar oil project. These offshore developments have already positioned Senegal as an emerging energy hub in West Africa.
Focus on untapped onshore potential
Petrosen CEO Alioune Gueye emphasized the rationale for the campaign: “Since we have discoveries offshore, it begs to reason that we also have the same potential onshore.” The $100 million investment will fund seismic surveys, drilling, and other exploration activities aimed at identifying commercially viable deposits.
The push follows regulatory action targeting operators that had stalled development. Companies such as Oranto lost their licenses after failing to conduct required seismic surveys or drilling despite extended deadlines, according to Energy Minister Birame Souleye Diop. The government’s move reflects a strategy to strengthen national control over oil and gas resources and accelerate sector growth.
Offshore foundations and strategic objectives
Senegal’s proven oil reserves are around 1.03 billion barrels, with significant natural gas reserves estimated at 450 billion cubic feet. While offshore fields like GTA and Sangomar have driven production, the government sees onshore exploration as critical to expanding the sector’s capacity and ensuring energy security.
The revamp comes after BP exited the Yakaar-Teranga gas field in 2023 due to a dispute over domestic versus export use, though the company remains involved in GTA LNG exports. Meanwhile, Kosmos Energy increased its stake in Yakaar-Teranga, and Woodside began production at Sangomar in 2024 after initial delays.
By fast-tracking onshore development, Senegal aims to boost domestic energy production, attract further investment, and solidify its position as a key player in Africa’s oil and gas industry. Petrosen hopes to announce a major onshore discovery by the end of 2026, signaling the country’s commitment to leveraging both its offshore and onshore resources.
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