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BP operates GTA with a 56 percent working interest alongside Kosmos Energy (27 percent), Petrosen (10 percent), and SMH (7 percent).
The partners previously signed a sales and purchase agreement under which BP Gas Marketing will offtake 2.45 million tonnes per annum of LNG from the first phase of the GTA project for an initial term of up to 20 years.
The FLNG, owned by Golar LNG and chartered by BP, started producing LNG in February last year and shipped the first cargo in April.
Golar’s FLNG vessel achieved commercial operations date (COD) in June last year.
9.5 LNG cargoes
Kosmos said in its first-quarter report on Tuesday that GTA Phase 1 production averaged approximately 17,000 boepd net during the quarter, or 2.85 mtpa of LNG equivalent gross as the project continued to produce above the floating LNG vessel’s nameplate capacity, benefiting from cooler seasonal temperatures.
According to Kosmos, the partnership lifted 9.5 gross LNG cargoes in the first quarter, in line with guidance.
Full-year guidance of 32-36 gross LNG cargoes remains unchanged, while one condensate cargo was lifted by BP in the first quarter.
Kosmos said the second and third condensate cargoes in 2026 are expected to be lifted by the company and the national oil companies of Mauritania and Senegal.
Moreover, lowering operating costs for GTA Phase 1 remains a priority for the partnership in 2026 with net operating costs per boe on track to fall by more than 50 percent year-on-year with scope for further reductions in 2027 and beyond, Kosmos said.
Phase 1+
With Phase 1 production fully ramped up and “performing well”, the partnership is now focusing on future production growth through Phase 1+, which fully utilizes the existing infrastructure for sales to the domestic markets in Senegal and Mauritania, Kosmos said.
The company said that heads of terms for domestic gas sales are expected in 2026.
In addition, Senegal has begun construction of an onshore power plant near Saint Louis and is expected to commence construction of the gas pipeline network around mid-year, which will transport gas from the GTA hub terminal to shore for domestic power generation.