Senegal became the world’s newest oil producer when Woodside Energy (operator, 82%, with Petrosen 18%) achieved first oil at Sangomar on 10–11 June 2024, within the US$4.9–5.2bn Phase-1 budget: a 100,000 bopd nameplate FPSO (Léopold Sédar Senghor) and subsea infrastructure 100km offshore, with 23 wells planned (11 producers). Woodside also confirmed contingent payments to Capricorn Energy and FAR triggered by first oil.
Sangomar’s crude (31° API) found ready European and Asian refiners; Phase 2/3 studies continue, and the project sits at the centre of Senegal’s new government’s promised oil-and-gas audits.
Value: US$4.9–5.2bn; first oil 10–11 June 2024 (verified against public announcements).
Advisers: the RSSD joint venture’s legal/advisory teams were not publicly credited in the first-oil disclosures.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
