The company British Petroleum, BP announced that will acquire 30% minority interests held by the company Timis Corporation in two blocks off the coast of Senegal. The Senegalese blocks involved in the agreement BP-Timis are: Saint-Louis Profond and Cayar Profond. BP said that your agreement is subject to Government approval and follow your entry in Mauritania and Senegal through an agreement with Kosmos Energy, announced in December 2016.
News of the deal was first published by the newsletter Africa intelligence. While BP has 30% in two blocks in Senegal, the joint venture BP owns 60% Kosmos Senegal and the Senegalese State Petrosen firm 10%.
BP and Kosmos are considering the development of a floating gas liquefaction project Tortue (FLNG) that would be released at the beginning of the Decade to 2020 and exploring to sign oil development opportunities. Last year, BP agreed to cultivate the interests of Kosmos in the sea of Mauritania and Senegal, pledging to invest $1 billion dollars.
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