Seatrium posts solid earnings underpinned by LNG as group moves forward after merger and Brazil issues
Seatrium of Singapore, the shipyard engineering company with continuing liquefied natural gas project successes, reported a three-fold increase in annual revenues underpinned by LNG vessel deliveries to Greece and West Africa.
Australia’s Woodside welcomes FPSO arrival off Senegal as West African nation set for oil and LNG benefits
Woodside Energy, the leading liquefied natural gas operator in Western Australia, said the “Léopold Sédar Senghor” floating production, storage and offloading (FPSO) unit had safely arrived off the West African state of Senegal for a key oil project.
“This is a significant step toward achieving first production from the Sangomar oil field which is targeted for mid-2024,” said Woodside.
The FPSO’s delivery for the Sangomar oil venture follows the arrival of an FLNG production vessel in November 2023 for a separate project run by UK major BP that will also benefit Senegal as well as its neighbour Mauritania.
Oil output nearer
The Perth-based company said that the arrival of the FPSO, named after the first President of Senegal, from Singapore to its final destination, located 100 kilometres (62 miles) offshore the Sengalese capital Dakar, marked the start of the next phase of the project.
Woodside will now help oversee the commissioning of the FPSO and the hooking up to the 23 production, gas and water injection wells that make up the Sangomar Field Development Phase 1.
Woodside Chief Executive Meg O’Neill said the Sangomar project was advancing to the company’s satisfaction.
“The FPSO arrival brings us closer to first production,” said O’Neill.
“We are proud to be Senegal’s first offshore oil project operator and firmly believe that this project will prove to be important to Senegal’s future development and prosperity,” O’Neill stated.
“In addition to developing Senegal’s energy resources, we have already begun working with the Government of Senegal, local businesses and communities to develop programs that create business opportunities, build local capabilities, foster employment opportunities, and bring broad economic benefits as a result of our operations,” O’Neill explained.
The Woodside CEO also praised the role of the Société des Pétroles du Sénégal (Petrosen), the national oil and gas company, as a contracting partner in the venture.
The Sangomar Field Development Phase 1 includes the stand-alone FPSO with subsea infrastructure and an expected production capacity of around 100,000 barrels of oil per day.
LNG developments
Senegal is also separately involved in floating LNG joint ventures being developed by BP and Kosmos Energy along with the governments of Senegal and Mauritania in the offshore Greater Tortue Ahmeyim natural gas fields.
Seatrium Group of Singapore converted and delivered an LNG floating production vessel, the “Gimi FLNG”, to be stationed at a nearshore hub located on the Mauritania and Senegal maritime border, and is expected to begin production in 2024 as part of the first phase of the FLNG venture.
The “Gimi FLNG” was converted by Seatrium in a project in partnership with Norway’s Golar LNG from a 1975-built Moss LNG carrier with a storage capacity of 125,000 cubic metres.
It is designed for 20 years of operations on-site without dry docking, with a liquefaction capacity of 2.7 million tonnes per annum and is contracted to operate near shore in 30 metres of water depth.
Woodside Energy posts revenue rise backed by record output and confirms merger talks with Santos still ongoing
Woodside Energy, the Australian operator of the North West Shelf and Pluto LNG plants in Western Australia, reported an increase in quarterly revenues due to higher realised prices and supported by record full-year production.
Australia LNG operator Woodside praises cooperation as FPSO heads for Sangomar project offshore Senegal
Woodside Energy, the operator of the Northwest Shelf and Pluto LNG plants in Western Australia, has received a boost for one of its main overseas ventures, the Sangomar project offshore Senegal in West Africa, with the sail-away from Singapore of the “Léopold Sédar Senghor” floating production storage and offloading (FPSO) facility.
Woodside says remedial work needed on Sangomar FPSO for Senegal and signals delay and more costs
Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, is having to undertake remedial work and a cost review of its biggest overseas project, the Sangomar Field Development offshore Senegal in West Africa, and has pushed back the start-up because of work to be undertaken in Singapore on the production facility.
