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LONDON, Sept 23 (Reuters) - Kosmos Energy, a
U.S.-listed oil and gas exploration company, said on Monday the
results of its appraisal drilling offshore Senegal were good
enough to consider a second liquefied natural gas (LNG) export
plant in the West African country.
Kosmos discovered the Greater Tortue accumulation of gas
offshore Senegal and Mauritania in 2015 and partnered with BP
to develop the discoveries through a floating LNG (FLNG)
plant, Senegal's first such production facility.
Tortue is one of a troika of gas accumulations offshore
Senegal that Kosmos is exploring and developing. The other two
are the Yakaar and Birallah regions.
On Monday, it said the results of its second well at Yakaar
"underpin our view that the Yakaar-Teranga resource base is
world-scale and has the potential to support an LNG project that
provides significant volumes of natural gas to both domestic and
export markets".
It said the well, drilled in 2.5 km (1.6 miles) of water and
9 km from the first Yakaar well, had proven the company's
estimates of the gas field's southern extension.
Kosmos ultimately hopes the three gas regions will support
three LNG terminals exporting 30 million tonnes a year (mtpa) -
around 10% of global LNG volumes today.
The company believes the three regions have 50-100 trillion
cubic feet (tcf) of resources, including 25 tcf of gas initially
in place at Tortue.
That compares to two recent discoveries that have put the
east Mediterranean on the global gas map - the 22-tcf Leviathan
field offshore Israel and 30-tcf Zohr field in Egypt.
BP and Kosmos took final investment decisions on the Tortue
FLNG last year and hope to have the facility producing by 2022.
It will have an initial capacity of 2.5 mtpa, before being
increased to 10 mtpa.
Sub-Saharan Africa is set to become a significant source of
LNG exports, with Nigeria, Angola, Cameroon and Equatorial
Guinea already shipping large volumes.
Mozambique, on the southeast coast, is set to join the
exporters with its two LNG projects, one by Total and
another by Exxon Mobil, producing around 30 mtpa in the
mid-2020s.
(Reporting by Sabina Zawadzki; Editing by Dale Hudson)
