Page 6 - LatAmOil Week 02 2021
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LatAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) LatAmOil
NRG: Pushing ahead with plans
Companies and countries alike are taking steps forward with various oil and gas
plans, though some continue to tread carefully in uncertain market conditions
COMMENTARY WELCOME to the latest edition of NewsBase’s AfrOil: Senegal heading for 2023
Roundup Global (NRG), in which our team of Looking ahead, 2023 is set to be a pivotal year
international editors provide you with a snap- for Senegal, which will see two major offshore
shot of some of the key issues affecting their blocks begin production at that time.
regional beats. Get the NRG Oil & Gas Editor’s Last week, Senegal’s government reported
Picks to your inbox every week for free. Just sign that BP and Kosmos Energy were on track to
up here. begin extracting natural gas from the Grand
There were signs of progress on various oil and Tortue/Ahmeyim (GTA) block in 2023, which
gas plans around the world in recent days, while oil extends into the maritime zone of neighbouring
prices rose, buoyed by Saudi Arabia’s pledge to cut Mauritania. Oil Minister Sophie Gladima told
production by 1mn barrels per day (bpd) above its Bloomberg that the field would help Dakar sup-
current quota in February and March. port gas-to-power projects and other economic
Progress on new production projects has been development efforts.
reported by countries such as Senegal. Meanwhile, She also stressed that Senegal did not intend
two companies have pledged to work together to to use its newly discovered hydrocarbon
promote, identify and develop new opportunities resources to gain entry to OPEC or other inter-
in Bolivia’s hydrocarbon and renewable energy sec- national industry organisations.
tors. Iran is also on a drive to raise its production, Gladima’s comments came shortly after FAR
and has committed nearly $3bn to the endeavour. Ltd (Australia), a member of the joint venture
In North America, however, shale drillers have that is developing Senegal’s offshore Sangomar
said they will proceed with caution regardless of block, revealed that it was pushing the date of
higher oil prices, calling for restraint in order to help a shareholders meeting back by four weeks to
bring about a more lasting oil recovery. February 18.
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