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Senegal’s Petrosen shifts to $100mn onshore oil exploration

Oil drilling rig Photo Marian Lupan @ Unsplash
Oil drilling rig Photo Marian Lupan @ Unsplash
  • $100m onshore oil exploration approved for launch
  • Energy sovereignty drive raises price impact questions

 

DAKAR, SENEGALSenegal is pivoting from offshore oil success to a $100 million onshore exploration programme aimed at deepening energy sovereignty and reshaping its long-term industrial strategy.

As the country prepares to celebrate its first offshore oil production, national oil company Petrosen is accelerating plans to explore untapped onshore reserves. Management has approved a large-scale exploration programme, budgeted at $100 million and scheduled to launch this year.

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