Senegal plans to put 109 oil and gas blocks on the market as it seeks to attract both local and foreign investors. Energy Minister El Hadji Abdourahmane Diouf announced the plan during a television interview, saying the government will promote the available blocks through an investor roadshow.
Senegal has 113 oil and gas blocks, but only four are currently under contract. The government plans to offer the remaining 109 blocks to investors, opening up almost the country’s entire available portfolio for new exploration and investment.
The government wants the roadshow to attract Senegalese companies as well as international energy firms. Officials see the investment drive as an opportunity to expand exploration while increasing local participation in the country’s growing oil and gas industry.
President Bassirou Diomaye Faye’s administration also wants to build stronger local players in the sector. Diouf said the president’s plan is to create local leaders in energy, oil, and gas, rather than relying mainly on international companies to drive the industry.
The timing comes as Senegal moves from exploration into oil and gas production. The Sangomar oil field has been producing crude since 2024, while the Greater Tortue Ahmeyim gas project has started exporting LNG. These developments give Senegal an operating track record as it seeks new investment across its petroleum sector.
Senegal is also strengthening its focus on local content and energy investment. The government says it wants its natural resources to support economic growth, stronger domestic companies, and greater participation by Senegalese businesses.
source: www.reuters.com
African Energy Council