Total and the Republic of Senegal have signed two agreements enabling Total to contribute to the exploration activities in Senegalâ€™s deep and ultra-deep offshore.
Â â€œAn established player in refining and marketing in Senegal, Total is delighted to expand its presence in the country in the exploration & production segment. These agreements are part of the Groupâ€™s strategy to carry out exploration activities in new deepwater basins in Africa and leverage our world renowned expertise. Total is pleased to be bringing our know-how to the promising exploration zones in Senegal,â€ said Patrick PouyannÃ©, Chairman and Chief Executive Officer of Total, following his meeting with the President of the Republic of Senegal.
The first agreement involves an exploration and production sharing contract for the Rufisque Offshore Profond block, which covers an area of 10,357 square kilometers. Total will be the operator with a 90% interest alongside SociÃ©tÃ© Nationale des PÃ©troles du SÃ©nÃ©gal (Petrosen), holding the remaining 10%.Â
The Group also signed a cooperation agreement with Petrosen and Senegalâ€™s Ministry of Energy and Renewable Energy Development under which Total will perform studies to assess the exploration potential of Senegalâ€™s ultra-deep offshore and become operator of an exploration block.
Total in Senegal
Total has been present in Senegal since 1947 in the refining and marketing of petroleum products. With a network of 174 service stations located throughout the country, Total is a major economic player in Senegal.