BP and Kosmos Energy

BP and Kosmos Energy have made a major deepwater natural gas discovery offshore Senegal. The Yakaar-1 well on the Cayar Offshore Profond Block encountered a gross hydrocarbon column of 394 ft and net pay of 148 ft. The well tested the basin floor fan system outlying Kosmos’ 2015 Tortue discovery in Senegal and Mauritania, which is estimated to hold more than 15 Tcf of gas resources and is slated to begin production and liquefied natural gas (LNG) exports in 2021. The reserves at Yakaar-1 and the 2016 Teranga-1 discovery could support a second LNG hub, the companies said. BP is buying out a minority interest holder in Cayar Offshore Profond and another block. When the deal is completed, BP will hold an approximately 60% interest in the Senegal blocks, with Kosmos and Petrosen holding approximately 30% and 10% stakes, respectively.


STAY CONNECTED

Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.