The project comprises approximately 32 trillion cubic feet (tcf) of gas initially in place, with 15.5 tcf certified by Ryder Scott. The certified volumes comprise 10.7 tcf at Yaakaar and 4.8 tcf at Teranga, alongside significant condensate potential. The discoveries were made in 2017 and 2016, respectively, with development studies subsequently undertaken by bp, Kosmos Energy and Petrosen.

Yakaar-Teranga is currently at the concept-selection stage, or FEL-2, with several development concepts having already been assessed. Petrosen is leading pre-FID work covering technical, economic and contractual maturation, while static and dynamic reservoir modelling remains underway. First gas is targeted for the first quarter of 2030, subject to development maturation.

The proposed architecture combines deepwater production wells at approximately 2,600m with subsea infrastructure, SURF systems and an offshore export pipeline. Gas-processing and liquefaction facilities could be located onshore, offshore or through a combination of both, including potential FLNG infrastructure. The final configuration will follow concept selection and subsequent FEED studies.

Domestic volumes would enter Senegal’s gas network to supply power generation and industrial users, while LNG would provide an export outlet. Subsequent phases could increase domestic supply, supporting fertilizer, petrochemical and other gas-intensive industries as Senegal develops a broader gas-based industrial value chain.

The project is expected to require between $4 billion and less than $10 billion in investment, depending on the development concept ultimately selected. Petrosen expects the reference cost to be refined after concept selection and FEED. The company is also seeking a strategic partner to support development, financing and potentially operatorship.

Yakaar-Teranga is therefore entering a critical maturation period in which subsurface modelling must be translated into a bankable development plan. Priority work includes concept selection, pre-project engineering, FEED, environmental and social assessments, financing structures, domestic gas-market development and institutional and contractual arrangements ahead of FID.

The project’s development comes as Senegal moves to expand domestic use of natural gas following the start of offshore production elsewhere in the country. The government has identified greater reliance on domestic gas as part of efforts to reduce energy costs and dependence on imported fuels, while Yakaar-Teranga is being positioned for both domestic consumption and export.

These priorities will feature prominently at MSGBC Oil, Gas & Power 2026, taking place December 1–3 at CICAD in Dakar. The conference will examine projects moving toward FID alongside gas monetization, infrastructure and investment strategies, placing Yakaar-Teranga within the wider basin-wide push to convert major gas resources into power, industry and export capacity.

For more information visit www.msgbcoilgasandpower.com.