Senegal Opens 104 Oil And Gas Blocks To Investors

Senegal is opening its upstream sector to a wider group of investors. On 15th October 2026, Energy and Petroleum Minister El Hadji Abdourahmane Diouf told the African Energy Week conference in Cape Town that 104 oil and gas blocks are available and that the country hopes to sign a number of new contracts. He also said Senegal is seeking partners to develop the Yakaar-Teranga gas project with the national oil company, Petrosen.

The announcement comes as gas infrastructure moves into construction and plans for a second refinery take shape. Together, these steps link exploration, gas development, power generation and downstream processing into one investment pathway. Senegal has produced oil since the Sangomar field started in June 2024 and is developing the Greater Tortue Ahmeyim gas project with Mauritania, so the new opportunities will build on an established base.

In March 2026, Senegal reorganised its exploration acreage into 113 blocks, of which 65 are onshore and 48 are offshore. Four blocks are under contract and five offshore blocks are allocated to Eni for technical studies, which leaves 104 blocks available. In September, the minister had said that the 109 blocks not yet under contract would be marketed to local and foreign investors.

Spherical Insights