PERTH (miningweekly.com) – Australian oil and gas producer Woodside is expected to take a final investment decision on its SNE oil field, offshore Senegal, in 2019.
Woodside’s business integration manager for Senegal field development, Jamie Stewart, told delegates at the Africa Downunder conference, that Woodside would enter the front-end engineering design (FEED) process for the SNE project at the end of 2018, with first production from SNE currently targeted for 2022.
Woodside and its project partners will develop SNE through a floating production storage and offloading (FPSO) facility and subsea infrastructure that will include 26 subsea wells.
The FPSO will have a production capacity of some 100 000 bbl/d of crude oil, with Stewart telling delegates that some 240-million barrels of oil would be recovered from the Phase 1 development of SNE.
Stewart noted that there was potential to add a number of further phases at the SNE project, with the potential tie-back with other fields and the development of a gas phase.
Woodside is currently negotiating a transfer of operatorship with project partner Capricorn Senegal, to coincide with the start of the FEED process, allowing the ASX-listed company to take over the development of the project on behalf of the project partners.