PRESS RELEASE

22.01.2026

Oranto Petroleum would like to use this opportunity to respond to the false narrative currently being perpetuated by the Government of Senegal on the St Louis & Cayar Offshore Licenses. As a matter of fact, Oranto Petroleum in 2025 decided to suspend further investments in the St Louis & Cayar Licenses in Senegal after the Government of Senegal insisted on US$ 25 Million Bank Guarantee as against agreed Corporate Guarantee as being provided by other Operators in Senegal.

For record purposes, till date, Oranto Petroleum has committed over US$45 Million in expenditures in Senegal covering activities such as seismic acquisition & interpretation, acreage rental, social projects and training of Senegalese locals in the last decade as stipulated in the contract. These records exist and can be fact checked.

It is worth mentioning that for reasons best known to the Government of Senegal, Oranto Petroleum has been singled out in this false narrative – this we classify as unfair and targeted. We would like to use this opportunity to state that various other foreign entities operating in Senegal are also facing challenges doing business in Senegal and this calls for concern. Some of these include

 

 

 

 

It is worth noting that Oranto Petroleum remains a foremost player in Hydrocarbon Exploration in Africa having committed over US$500 Million in exploration and development of hydrocarbon in Africa. Oranto Petroleum as per business model remains an early explorationist focusing on acreage derisking and targeted development at a later stage in collaboration with a third party Operator. 

Oranto remains respectful for the rule of law in all jurisdictions where she operates and urges the public to disregards any Government, Groups, Agencies or Entities that continuously focuses on demarketing African investment opportunities geared towards the greater good of Africa and her citizens.

 

SIGNED

 

MANAGEMENT

contact@atlas-oranto.org 

 

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