Petroleum Africa
Find us on: 
Wednesday, February 4, 2015
Tender Oil & Gas Casamance SARL (TOG), a Tender Group subsidiary out of Serbia, signed a PSC with Senegal’s Ministry of Energy and state-run oil and gas firm Petrosen. The PSC has already received the approval of Senegal’s president, MackySall.
The PSC was signed for two onshore blocks, the Saloum and the Senegal Onshore Sud. The combined acreage of the two blocks is 28,897 sq km. The PSC gives TOG the exclusive rights to explore for hydrocarbons over an eight-year period.
As part of the agreement, TOG participated in local content and social programs which will include the training of industry specialists to ensure high quality work. Part of the obligatory $42 million investment made by TOG will be allocated to these actions.
TOG’s goal is to conduct a 2D seismic program in the area and re-process old data to discover new drilling opportunities. When commercial discoveries are made, TOG will look for exclusive rights to oil and/or gas production for between another 25 and 35 years. “If prospects on these blocks prove to contain commercial quantities of oil and gas, it will contribute to the continued economic growth of Senegal, helping create new jobs for Senegalese people, provide additional taxes and royalties to fund government programs, and reduce the country’s reliance on imported energy supplies,” said Gehrig Schultz, president of TOG management board.
“Tender Group is constantly searching for additional promising and challenging geological areas. We believe that this partnership is an opportunity to expand our strong presence in the region and this new strategy allows us to increase our knowledge about the favorable geology of Senegal,” added Ovidiu Tender, owner of Tender Group.
TOG holds a 90% working interest in the two areas, with Petrosen holding the remaining 10%.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
