MINISTERE DU PETROLE ET DES ÉNERGIESWEBINAR – OPPORTUNITIES IN SENEGAL: ENERGY & RELATED SECTORSOVERVIEW OF SENEGALESE ENERGY SECTOR

21 sept 2023

Energy context in SenegalUpstream• 31 petroleum blocks : 07•

onshore + 13 offshore + 09 ultra
deep ;Gas Production : DiamNiadio (EOL)& Gadiaga

Oil Ressources•Proven and recoverable : +600 MM
barils spread into several blocks : RSSD,ROP, SOSP

Downstream••••SENELEC (+IPPs) - total installedgeneration capacity : 1499 MW
Refinery SAR : 30,000 b/j<>>1,5mpta (40% of total demand)
Storage capacity: 500,000m3(liquids)
Fuel distribution stations : +1150(land & marine)

Gas Ressources•

Estimated and recoverable :+32 TCF of
associated and non associated gas,
spread into several blocks RSSD, COPand SLOP,

2

Senegalese oil resources
Senegal oil reserves▪ West African crude type
▪ Low sulphur crudes withassociated gas

FAN
250 million ofbarels•••

Around 930 millions barels estimated
1 world-class oil field under development
Production partly valorized locallyDôme Flore
1 billion of barels in place(Heavy Oil)
SNE Nord
100 million ofbarils

SNE
630 million ofbarels

FAN Sud
50 million ofbarels

Senegalese gas resources•••

Sénégal gas reserves▪ Africa Top 10▪ Global Top 30

Around 30 TCF estimated
3 world-class LNG fields
Potential for a dynamic local and regional
gas market

Teleprompters

Téranga

YakaarGrand
Tortue/Ahmeyim
(GTA)

SNE

Production startup
2024
2027/282030+Resources(TCF)

Yakaar - Teranga

2024/25

15 + 5

Sangomar gas
Total

2025+

2,432,4Phases

GTA phase 1
GTA phase 2
GTA phase 3

10*Targeted destination

International market
To define
To define
Local & international
marketLocal Market

StatusDevelopment ongoing
Studies ongoing
Studies ongoing
Studies ongoing
Studies ongoingSeveral blocks available❑ 16 offshore blocks and 6 onshore blocks available

Upstream projects updates
SangomarPhase 1

GTA
Phase 1

YakaarTeranga

GTA
Phase 2

SangomarGaz

75 – 125kbarils/jour

2,5 MTPA+ 70
mmscfd150 mmscfd
Dom Gas +LNG export

3,6 à 5
MTPAFPSOFPSO +FLNG

Ongoing

Ongoing

Onshoreplant

88,1 %

89,7 %(july 23)(july 23)

FID 2024?

FID 2025?

FID 2024?

2 à 5 B$4 à 7 B$

60 - 100mmscfd
Dom Gas2 à 3 B$

O&G Roadmap

Partnership between Senegal & Japan
Chiyoda Corporation // Mitsubishi Corporation

Nippon Koei // Mitsubishi Corporation & METI

2018-2019 - Senegal Oil & Gas Master Plan No.SNGCD-20180322-01 presented on March 2018 andupdated on January 20192022-2023 - Under METI’s contract, Mitsubishi
Corporation, Nippon Koei and PETROSEN have been
cooperating to examine the pre-feasibility of coproduction plant of urea fertilizer and methanol.

Strategy for industrialisation
2025-2026
1st Gaz GTA & 1st Oil
Sangomar2019-2023- Securing RGS
layout ;- Securing the urea
production plant site;-Environmental
assessments;
Pre-feasibility studies-EIES;
Feasibility studies

CCGTs plants inoperation;
Projects execution
RGS 1st phase
commissionning2024-2025
FIDs- Yakaar-Teranga;- Urea production
1st CCGT commissioning (WAE)

Constructions etadaptations ofinfrastructures

2027-2030
Final commissioning :- RGS- Urea plant- Onshore LNG plant !

2026-2027-FEED studies
Negociations &agreements

Notes:Key milestones-9

RGS:
Connections toindustries
Development

1st gas Yakaar-Téranga& GTA2Gas to Power Strategy
Gain energy

Transport

Supplyindependence

Upstream
Reduce ==> Delete pricecompensation✓✓✓

UsersDistribution

Downstream❖ Network : 365 km
SENELEC : +1 GW of power❖ Estimated costs : 525 M$ SEFCO : 1,4 MTPA of urea
Midstream

Yakaar-Teranga : 150 mmscf
Sangomar Gas : 80 mmscf
GTA 1 :35 mmscf

USCleaner energy
IPPs

Reduce energy cost for
populations and localindustries

Operators
Domestic Gas
GNLGSA

Aggrega
torGTARGSAggrega
torSENELEC
GSAIndustries
AutresAchieve Universal energy
access by 2025

10GSA : Gas sale Agreement (Accordde Vente de Gaz)
GTA : Gas Transport Agreement(Accord de Transport de Gaz)

Partnership opportunities in Senegal
Free exploration blocks• 16 offshore• 6 onshore
Refinancing of the NOC/PETROSEN interest share inderisked projects• GTA Phase 1: 500 millions $US• Sangomar Phase 1 : 450 millions $US

On the market
1,25 MTPA (2024) to 5 MTPA (2027/30)

Financing Oil and Gas projects under studies• GTA Phase 2 : 500 millions $US• Yakaar-Teranga Phase 1 : 500 to 700 millions $US
Gas to power

100,000 barels (Sangomar’s 1st phase)• Gas pipelines network Phase 1 : 100 millions $US• Gas pipelines network Overall : 400 millions $US
Downstream projects• Refinery upgrade : 500 millions $US• CNG & LNG fueling stations : 20 millions $US• LPG storage facilities : 48 millions $US• Fertilizer plant : 1,455 millions $US

1,2 MTPA (+80% for Export)

SENEGAL

Thank you