BP announces FID for African LNG development

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BP and its partners on the Greater Tortue Ahmeyim liquified natural gas (LNG) development have announced agreement on the Final Investment Decision (FID) for Phase 1 of the project.

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

The Greater Tortue Ahmeyim project will produce gas from an ultra-deepwater subsea system and mid-water floating production, storage and offloading (FPSO) vessel, which will process the gas, removing heavier hydrocarbon components.

BP claim this is the “first major gas project to reach FID in the basin”.

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.

“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.

“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.”

The gas from the development will be transferred to a floating liquefied natural gas (FLNG) facility at an innovative nearshore hub located on the Mauritania and Senegal maritime border.

The FLNG facility is designed to provide circa 2.5 million tonnes of LNG per annum on average, with the total gas resources in the field estimated to be around 15 trillion cubic feet.

Emma Delaney, BP’s regional president for West Africa, added: “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.”

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