{"id":48152,"date":"2023-11-29T07:03:54","date_gmt":"2023-11-29T07:03:54","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=48152"},"modified":"2023-11-29T06:38:09","modified_gmt":"2023-11-29T06:38:09","slug":"bp-exits-gas-field-offshore-senegal-following-disagreement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement","title":{"rendered":"BP exits gas field offshore Senegal following disagreement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>BP has exited the Yakaar-Teranga natural gas field offshore Senegal after a disagreement with the local government, reported Bloomberg.<\/b><\/p>\n<p>Senegalese Minister of Oil and Energy, Antoine Fe\u0301lix Diome, said BP wanted to export the gas from the field, but Senegal wanted it for domestic use.<\/p>\n<p>\u201cWe did not agree with BP on the daily production capacity, on the commercial strategy or on the date of the first gas delivery,\u201d Diome told the parliament.<\/p>\n<p>\u201cBP favoured exports, while we want to develop the gas for the domestic market.\u201d<\/p>\n<p>Yakaar-Teranga field, which was formerly operated by BP, is important to Senegal\u2019s gas-to-power plan to aid in reducing fuel prices and improving electrification in the West African country.<\/p>\n<p>The UK-based oil and gas major exited its stake without receiving any \u201cfinancial compensation\u201d, Diome noted.<\/p>\n<p>Following BP\u2019s exit, Kosmos Energy, a US-based company, has boosted its ownership of the gas field from 30% to 90%.<\/p>\n<p>Eventually, Senegalese state-owned Petrosen aims to acquire the majority stake in Yakaar-Teranga, which is said to contain around 25 trillion cubic feet of gas reserves.<\/p>\n<p>As opposed to bp\u2019s earlier target of 2028, Senegal aims to expedite the gas field\u2019s development to supply gas by 2026, Diome noted.<\/p>\n<p>A BP representative did not answer calls or texts requesting comment outside business hours, reported the publication.<\/p>\n<p>By the time production begins, Senegal is seeking a third partner to purchase a 34% share.<\/p>\n<p>The first phase of the Yakaar-Teranga project is expected to have a production capacity of 150 million cubic feet per day of gas.<\/p>\n<p>BP and Kosmos are also developing the Greater Tortue Ahmeyim (GTA) gas project, which spans the border between Senegal and Mauritania.<\/p>\n<p>The second phase of the GTA project could begin production in 2024 or 2025 and will require an investment of around $5bn (CFA Fr3.1 trilli<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. BP has exited the Yakaar-Teranga natural gas field offshore Senegal after a disagreement with the local government, reported Bloomberg. Senegalese Minister of Oil and Energy, Antoine Fe\u0301lix Diome, said BP wanted to export the gas from the field, but Senegal wanted it for domestic use. \u201cWe did not agree with BP on [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":48151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,2366],"tags":[2355,2361,260],"class_list":["post-48152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BP exits gas field offshore Senegal following disagreement - Gambia<\/title>\n<meta name=\"description\" content=\"BP has exited the Yakaar-Teranga natural gas field offshore Senegal after a disagreement with the local government, r ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP exits gas field offshore Senegal following disagreement\" \/>\n<meta property=\"og:description\" content=\"BP has exited the Yakaar-Teranga natural gas field offshore Senegal after a disagreement with the local government, r ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T07:03:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/11\/sm_1701227154.83849.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BP exits gas field offshore Senegal following disagreement\",\"datePublished\":\"2023-11-29T07:03:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/11\/sm_1701227154.83849.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/bp-exits-gas-field-offshore-senegal-following-disagreement\",\"name\":\"BP exits gas field offshore Senegal following disagreement - 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