BP ‘eyes oil and gas field off coast of Senegal’

BP is reportedly eyeing an oil and gas investment off the coast of Senegal. Reuters suggests the energy giant is in talks with exploration firm Cairn Energy, which is looking […]

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By Jonny Bairstow

BP is reportedly eyeing an oil and gas investment off the coast of Senegal.

Reuters suggests the energy giant is in talks with exploration firm Cairn Energy, which is looking to sell a 30% stake in its deepwater SNE field, said to be valued at around $600 million (£453m).

BP has said it would be targeting investments in both Senegal and Mauritania over the next decade and it has previously announced plans to spend billions in the Tortue LNG project, which is expected to first produce gas in 2021.

The deepwater SNE project is the first oil development in the West African nation and is expected to enter production in 2021.