Senegal has a limited upstream oil industry, although it is becoming increasingly important to the Senegalese economy. Petrosen is actively promoting onshore and offshore acreage where, since 1998, major permits in the form of production sharing contracts have been awarded.
The downstream industry is important, with Senegal being one of the four refining countries in West Africa.
During the period 1996 to 1998, Senegal undertook an aggressive economic reform programme including a privatisation drive which affected the energy sector, in particular the downstream industry.
The oil industry in Senegal is regulated by the Ministry of Energy, Mines and Industries and its national oil company is Petrosen.
Hydrocarbon exploration and production in Senegal is governed by Law N0. 98-05 enacted on January 5, 1998.
Senegal imports crude oil to be refined by the SAR refinery in Dakar. The refinery has a nominal capacity of a 1 million tons of oil per year. There are adequate storage facilities for both crude and finished product located in Dakar.
A single pricing structure exists for all products which determines the maximum price that can be charged. In 1998, liberalisation of pricing structure was introduced
Agence de Gestion et de Cooperation entre la Guinea-Bissau et le Senegal, BP Senegal SA, ExxonMobil Senegal, Ministère des Mines, de l’Énergie et de l’Hydraulique, Mobil Oil Senegal, Shell Senegal, Société Africaine de Raffinage, Societé des Petroles du Senegal, Societé Senegalaise des Gaz, TOTAL Senegal, Western Geophysical :[ Add More ]
Casamance Deep, Casamance I, Casamance II, Casamance III, Casamance Onshore, Cayar Shallow, Dakar Offshore Profond – Senegal, Diam Niadio 14, Diourbel Block, Dome Flore Deep, Louga Block, Rufisque Shallow, Saint Louis Shallow, Saloum Block, Sangomar Shallow, Sebikhotane Block, Senegal East, St. Louis – Senegal, Thies Block