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BP announce FID for Phase 1 of Greater Tortue Ahmeyim LNG Development

21/12/2018
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BP and partners have announced a Final Investment Decision (FID) on Phase 1 of their innovative cross-border development at the Greater Tortue Ahmeyim project.

BP have announced an FID for phase 1 of their Greater Tortue Ahmeyim LNG Development project
(Image via BP)

The project will use an ultra-deepwater subsea system to produce gas and process it on a mid-water floating production, storage and offloading (FPSO) vessel. It will then be transferred to a floating liquefied natural gas (FLNG) facility located at a newly built nearshore hub on the Mauritania and Senegal maritime border. 

Bernard Looney, BP’s upstream chief executive said: “Achieving sanction for the ground-breaking Greater Tortue Ahmeyim development, and at such a fast pace, is testament to the dynamic partnership working together to bring this innovative project onstream and establish a new deepwater gas value chain.”

Total gas resources in the field are estimated to be around 15 trillion cubic feet. The FLNG facility has a capacity to produce 2.5 million tonnes of LNG per year for both global export and domestic use in Mauritania and Senegal. It’s the first major gas project to reach FID in the basin. 

Emma Delaney, BP’s regional president for West Africa said: “We’re committed to working with the two nations to make this development a success for both countries, the local communities who live near the project and the investor partners. We see a great deal of potential in the wider basin and Phase 1 of the Greater Tortue Ahmeyim project is the first step in unlocking that for the future.”

The decision was made following agreements by the Mauritanian and Senegalese governments with partners BP, Kosmos Energy and National Oil Companies Petrosen and SMHPM.

The parties will continue to finalise agreements and obtain final regulatory and contract approvals. Only then can phase 1 of the development move to the design and construction phase. Project execution activities are expected to commence in the first quarter of 2019, with first gas projected for 2022. 

“It represents the beginning of a multi-phase project that is expected to deliver LNG revenues and gas to Africa and beyond for decades to come. We see this as the start of a new chapter for Africa’s energy story and are honoured to work alongside our partners and the governments of Mauritania and Senegal,” said Looney.

“I would like to thank President Mohamed Ould Abdel Aziz and President Macky Sall for their leadership, without which this groundbreaking project would not have been possible. Additionally, I want to thank their respective Ministers, officials and national oil companies for their commitment to work together on this project of strategic importance. Finally, we are grateful to our partner Kosmos for discovering this world class resource and for their ongoing commitment and support.”

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Tags: Oil & Gas
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BP announce FID for Phase 1 of Greater Tortue Ahmeyim LNG Development - Time to read 3 min
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