Senegal farmouts expected after new gas discovery

Drilling success offshore Senegal is expected to lead to further farmout activity from explorers over the coming years Drilling success offshore Senegal is expected to lead to further farmout activity from explorers over the coming years.
By Miriam Malek 12 May 2017 0 25873
Kosmos Energy has announced a significant gas find at the Yakaar 1 exploration well offshore Senegal. (BP plc)

More farm-outs are expected to take place offshore Senegal after United States-based Kosmos Energy announced a third significant gas find on Monday, sources have told Interfax Natural Gas Daily.

The discovery was made at the Yakaar 1 exploration well, located in the Cayar Offshore Profond, and is estimated to hold up to 425 billion cubic metres of gas, according to Kosmos.

Kosmos farmed out stakes in its Senegalese and Mauritanian blocks in December. A business development officer from one of the companies working with...

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