CAPE TOWN, Nov 5 (Reuters) - Senegal's national oil
company Petrosen expects a final investment decision (FID) on
the Yakaar-Teranga gas project in 2025, its director general
said on Tuesday.
"Yes, our objective is to have this FID by mid-2025 if
everything is going OK," Thierno Ly said.
Petrosen is partnering with Kosmos Energy ( KOS ) to develop
the project, which has around 25 trillion cubic feet of
recoverable gas, he said.
The first phase of the project, expected to cost about $5-6
billion, will produce three million tons per annum for export
markets and has a provision for 150 million standard cubic feet
for domestic power and other projects.
Ly told Reuters the project's partners were looking for more
partners after BP opted out late last year.
"We are looking at IOCs (international oil companies), at
national oil companies from the Middle East and Algeria. We are
open also to discuss with trading companies," he said.