Senegal’s newly elected President Bassirou Diomaye Faye has stated that he would conduct a thorough audit of Senegal’s oil , gas and mining sectors.

According to Reuters, the announcement followed a campaign promise to renegotiate the terms of oil, gas and mineral resources with foreign operators in the country set to begin production of oil and gas in the country this year.

This is the second major move made by the Faye led administration since announcing Ousmane Sonko an ally and mentor as the new prime minister of Senegal.

We are now going to take a look at the companies which would be audited by the Faye administration. They are the major companies invested in Senegal’s Oil, gas and mining sectors.

British Petroleum (BP)

BP and US listed Kosmos energy are spearheading the development of Greater Tortue Ahmeyim (GTA) which is Senegal’s first Liquefied Natural Gas (LNG) project.

GTA located at the border between Senegal and Mauritania will produce 2.3 million tonnes of LNG per year in its first phase.

BP is the project’s operator, with a 56% stake. Kosmos Energy holds a 27% stake. Senegal, through its national oil company Petrosen, holds 10%, and Mauritania, through its SMHPM oil company, 7%.