Oil production at Senegal's Sangomar offshore field operated by Australia's Woodside Energy Group ASX:WDS reached 17.9 million barrels for the year by the end of June, the energy ministry said on Monday.

  • Sangomar's oil output was at 3.1 million barrels in January, 2.8 million in February, 3.1 million in March, 2.9 million in April, 3.1 million in May and 2.9 million in June.

  • Last year, the field produced an average of 3 million barrels per month. Oil output for the year stood at 36.2 million barrels.

  • Operator Woodside Energy is evaluating a second phase of development that could further increase production, the African Energy Chamber said last week.

  • Oil and gas production helped boost Senegal's economic growth to 6.7% last year and increased exports while reducing the current account deficit, the economy ministry said in a report last month.

  • Senegal's Finance Minister Cheikh Diba said last week that revenues from hydrocarbon production would cover priority expenditures to achieve a significant reduction in poverty.