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NJ Ayuk, Executive Chairman, African Energy Chamber January 1, 2021
There is no doubt that Senegal’s hydrocarbons sector will be suffering of the economic consequences of the global COVID-19 pandemic. As a result, the country’s ambitions to join the club of African oil and gas producers could be delayed by one to two years. In April 2020, BP sent a notice of force majeure to Golar LNG seeking to delay by a year receipt of the Gimi FLNG facility for the Greater Tortue Ahmeyim (GTA) project.
BP is expecting a one-year delay due to the pandemic and currently sees no possibility for reducing that time frame. Consequently, FIDs on Tortue 2 and Tortue 3, initially expected in mid-2022 and mid-2023, are also likely to be delayed. Similarly, the country’s first offshore venture is also expected to be delayed.