$25,000,000
Senegal Sangomar Offshore Deep
Woodside is seeking investement to fund the development and prduction of the Fan-1 and Fan South-1 Fields after sucessfully acquiring equity from FAR.
The Sangomar development involves 23 subsea production and injection wells tied back to a FPSO of 100,000 bbls per day capacity. Production is set for 2023 with Gross Reserves 2P at 231mmbls (Net to FAR 28mmbbls). The RSSD has estimated Gross 2C Contingent Resources 451mmbbls and Gross P50 Prospective Resources 673mmbbls.
Details
Asset Name
: Senegal Sangomar Offshore Deep
Ref
: AF-SEN-RSSD
Continent
: Africa
Country
: Senegal
Location
: Offshore
Project Phase
: Production
Latitude
: 14.0249
Longitude
: -17.5632
License Start
: 2020
Operator
: Woodside Energy
Other partners
: FAR, Petrosen
Farmout company
: FAR
Mandated Agent
: None
Work Programmes
: Development, Production
Back Costs
: > $10m
Equity Offered
: 0 - 20%
Deal Status
: Open
FarmoutAngel Valuation
: >$100,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $25,000,000