The project is estimated to cost $1.54 billion without carbon capture, utilization and storage (CCUS) and up to $2 billion with CCUS. PETROSEN T&S is seeking a third-party investment partner, with the eventual equity structure yet to be determined. The project remains in Phase I as the company advances the studies required to move toward development.

PETROSEN has been developing the fertilizer project since 2022, as Senegal has moved into natural gas production through the Greater Tortue Ahmeyim (GTA) project. The development forms part of a broader strategy to capture more value from the country’s emerging gas resources by expanding activity beyond upstream production into industrial and downstream markets.

The proposed plant is designed to use natural gas as feedstock to manufacture urea for Senegal’s agricultural market, while creating capacity for exports. With an annual production capacity of approximately 1.2 million tons, the facility is intended to reduce Senegal’s reliance on imported urea and strengthen domestic fertilizer supply.

The project also creates a direct link between Senegal’s upstream gas developments and its industrial ambitions. PETROSEN has identified domestic gas resources, including supplies associated with GTA and Yakaar-Teranga, as part of the wider opportunity to develop gas-based industries. By converting gas into fertilizer, the project would extend the value chain into manufacturing while creating a new domestic outlet for natural gas.

Agriculture represents a key market opportunity. Senegal currently relies on imported fertilizer, while domestic production could improve supply security and retain more value within the local economy. The plant could also generate demand for engineering, construction, logistics and other industrial services associated with the development and operation of a large-scale fertilizer facility.

At peak construction, the project is expected to generate approximately 4,000 jobs, followed by around 400 positions in operations and maintenance. PETROSEN envisages a 30-year project life, although the final investment structure, financing arrangements and commercial framework remain under development.

The next phase will focus on completing the pre-study and advancing the feasibility study, including site assessment. PETROSEN must then progress front-end engineering and design (FEED), complete the necessary engineering and technical studies, structure the equity partnership and secure an EPC contract before construction can begin.

The development will form part of the downstream opportunities under discussion at MSGBC Oil, Gas & Power 2026, taking place December 1–3 at CICAD in Dakar. As Senegal looks to monetize its growing gas resources across power, industry and agriculture, the urea project illustrates the potential to connect new gas production with domestic manufacturing, fertilizer supply and regional export markets.

For more information visit www.msgbcoilgasandpower.com.