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Oil and gas development in Senegal: Nearly CFAF 890 billion expected between 2023 and 2025

07/07/2022
Categories: Raw materials

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The benefits of oil and gas in Senegal are estimated at 887.68 billion CFA francs by 2024.

Senegal could therefore end up with nearly 890 billion CFA francs, thanks to the exploitation of oil and gas. Thus, based on the assumptions of a $/FCFA exchange rate set at 595.6 FCFA, a price of $90 per barrel for oil and 10% of the Brent price for gas, the revenue projections expected from the exploitation of hydrocarbons, fromThe expected hydrocarbon revenues from the GTA and Sangomar projects over the three-year period are estimated at a total of CFAF 887.68 billion, broken down as follows 2023: 59.16 billion FCFA; - 2024: 327.28 billion FCFA; - 2025: 501.24 billion FCFA. It should be noted that Law No. 2022-19 April 2022 on the distribution and management of revenues from the exploitation of hydrocarbons will serve as an instrument for the use and allocation of resources from gas and oil.

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