Woodside Energy has updated its hydrocarbon reserves estimate for the offshore Sangomar oil field off the coast of Senegal, after analyzing the performance of the S500 reservoirs.
The revision has resulted in an addition of 16.2 million barrels of oil equivalent to the proven reserves (1P).
With this update, Woodside now estimates the field’s proven and probable reserves (2P) at 15.4 million barrels of oil equivalent, surpassing initial projections.
The revised reserve estimate strengthens expectations for the field’s production stability, which is projected to maintain a steady output of around 100,000 barrels per day.
Additionally, Sangomar’s oil production is playing a crucial role in bolstering Senegal’s refining sector. The Société Africaine de Raffinage (SAR) recently processed 650,000 barrels of crude from the field, marking a significant milestone in the country’s efforts to integrate its petroleum value chain.
