Senegal is hurting the earth by using heavy fuel which is six times more polluting the environment.
This was stated by Fortesa International’s Chief Executive Officer, Rogers Beall, who said his organisation was interested in exploring and creating a fully Senegalese business.
Speaking on the uniqueness of Fortesa’s gas production business, Beall, in a statement, said energy independence was the key to Senegal’s success.
“Right now, this country is paying $14 per mcf by using heavy fuel oil. [In doing this] they are making six times the pollution, six times the negative effect on the planet, and nearly double the cost.
“We are able to make the investment and take the risk of drilling onshore, and [in this region] only Fortesa is doing this,” Beall added.
Fortesa has built a foundation for Senegal’s emergence as an energy player, even as Beall believed in the potential of the country before many in Europe and North America had thought to examine the country’s subsurface.
“This is one of the most cost-effective operations in Africa. Fortesa has essentially unlocked the value of Senegal’s energy resources. The projects run by Rogers and his team are sound and are an example of projects that can generate cash and deliver the return on capital that investors are looking for,” the Executive Chairman of the African Energy Chamber, to AOP, NJ Ayuk, commented.
“I see a team that is focused on improving asset-level economics, reducing capital outlay, and stretching their dollars to do more with less,” Ayuk added.
