{"id":226929,"date":"2022-05-24T13:56:21","date_gmt":"2022-05-24T11:56:21","guid":{"rendered":"https:\/\/energycapitalandpower.africa-newsroom.com\/press\/kosmos-and-bps-yakaarteranga-project-approaches-final-investment-decision-fid-details-to-be-unpacked-at-msgbc-oil-gas-and-power-conference-and-exhibition?lang=en"},"modified":"2022-05-24T13:56:21","modified_gmt":"2022-05-24T11:56:21","slug":"kosmos-and-bps-yakaar-teranga-project-approaches-final-investment-decision-fid-details-to-be-unpacked-at-msgbc-oil-gas-power-conference-exhibition","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/kosmos-and-bps-yakaar-teranga-project-approaches-final-investment-decision-fid-details-to-be-unpacked-at-msgbc-oil-gas-power-conference-exhibition\/","title":{"rendered":"Kosmos and bp\u2019s Yakaar-Teranga Project Approaches Final Investment Decision (FID), Details to be Unpacked at MSGBC Oil, Gas & Power Conference & Exhibition"},"content":{"rendered":"
\"Energy<\/div>\n

<\/p>\n

As the Greater Tortue Ahmeyim (GTA) mega development fast approaches first gas production next year, with targets to unlock 15 trillion cubic feet (tcf) of gas reserves, the bp-Kosmos partnership is aiming for a second large-scale project in the 20 tcf Yakaar-Teranga offshore gas field.<\/p>\n<\/p>\n

The MSGBC Oil, Gas & Power Conference & Exhibition {https:\/\/bit.ly\/3NtiNjq<\/a>}  – organized by Energy Capital & Power {https:\/\/EnergyCapitalPower.com<\/a>\/} and taking place from 1-2 September – will explore this promising new development in depth.<\/p>\n

The Cayer Profond block, in which the Yakaar-Teranga field is situated, lies to the south of the cross-border GTA reserve, operated by supermajor, bp with a 60% stake; American oil company, Kosmos Energy with 30%; and Senegalese national oil company, Petrosen with 10% – identical ratios to GTA itself.<\/p>\n

Most recently, the Senegalese Ministry of Petroleum and Energies announced that a final investment decision (FID) on Yakaar-Teranga would be made by the end of the year, with first production slated for 2024. The announcement cements the perception of GTA as a gold standard in the emerging MSGBC hydrocarbons industry, having remarkably navigated the complexities of the COVID-19 pandemic, among other challenges, to achieve the status of the MSGBC region’s largest liquefied natural gas (LNG) project.<\/p>\n

The GTA development also represents the deepest offshore project in Africa to date, with the expertise acquired in its development essential for proposed works at Yakaar-Teranga whose reserves sit still deeper at an almost 3,000-meter water depth. Key lessons learned specifically with this logistical barrier will be especially important for the project.<\/p>\n

Once FID is reached, the Yakaar-Teranga field can expect to see a two-phased development approach streamlined from the three-phase strategy of the GTA development. A proposed two-phased approach would also expand works from a domestic and regional focus to an international one, building in export facilities and petrochemical processing plants so as to establish the MSGBC basin as a global LNG hub.<\/p>\n

The MSGBC Oil, Gas & Power Conference & Exhibition – from 1-2 September this year – will explore this promising new development avenue in depth with a targeted panel discussion on Yakaar-Teranga led by representatives from all key sectors. As the successor to GTA, Yakaar-Teranga is the largest, most ambitious planned hydrocarbons project in the MSGBC region to date, involving extensive investment, progressive policy development and governance as well as unique engineering challenges.<\/p>\n

Distributed by APO Group on behalf of Energy Capital & Power.<\/i><\/p>\n

About the MSGBC Oil, Gas & Power 2022 Conference:<\/strong>
\nUnder the patronage of H.E. Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gas & Power will once again take place in Dakar, Senegal, with the event serving as a catalyst for investment and multi-sector development in 2022. To find out more visit www.MSBGCOilGasandPower.com<\/a> or contact sales@energycapitalpower.com.<\/p>\n

Media files<\/b>
\"Energy<\/a>
Download logo<\/a><\/div>\n

Source: Africa Newsroom – APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the Greater Tortue Ahmeyim (GTA) mega development fast approaches first gas production next year, with targets to unlock 15 trillion cubic feet (tcf) of gas reserves, the bp-Kosmos partnership is aiming for a second large-scale project in the 20 tcf Yakaar-Teranga offshore gas field. The MSGBC Oil, Gas & Power Conference & Exhibition {https:\/\/bit.ly\/3NtiNjq} […]<\/p>\n","protected":false},"author":1,"featured_media":226930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-226929","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/05\/kosmos-and-bps-yakaar-teranga-project-approaches-final-investment-decision-fid-details-to-be-unpacked-at-msgbc-oil-gas-power-conference-exhibition.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/226929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=226929"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/226929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/226930"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=226929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=226929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=226929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}