Why Senegal’s Offshore Licensing Round is Significant

The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation.

The launch of the licensing round this week in Dakar, Senegal by the country’s National Oil Company, Société Nationale des Pétroles du Sénégal (PETROSEN), is also good news to seismic data generators and providers as it opens new business opportunities in the lucrative offshore West Africa region where a notable increase in demand for 2D seismic, 3D seismic, multibeam and seafloor sampling solutions has emerged.

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