BP SENEGAL INVESTMENTS LIMITED

Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. BP SENEGAL INVESTMENTS LIMITED 2017-02-02 → present
2. BP INDONESIA OIL TERMINAL INVESTMENT LIMITED 2016-01-29 → 2017-02-02

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment were considered as part of the going concern assessment. No material uncertainties over going concern or significant judgements or estimates on the assessment were identified. Having a reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months from the date these financial statements were approved, the directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “In November 2024, pursuant to Article 10.1 of the Unitization and Unit Operating Agreement (UUOA), BP Senegal Investments Limited (BPSIL), as the GTA JV Governance Operator, informed PETROSEN, the other members of the JV and the Ministers of Energy for Senegal and Mauritania that PETROSEN had been placed in default.”
• “During 2024, BPSIL funded $106.1 million on behalf of PETROSEN and this was reported as a Loan at Amortised cost. An impairment charge of $53 million was recorded.”
• “On 2 January 2025, first gas has begun flowing from the GTA wells on 31 December 2024.”
• “As a result of impairment tests in 2024, an impairment charge of $539 million for intangible and tangible assets and additional $53 million impairment charge on loan at amortised costs was recorded. Tangible and intangible assets in relation to the GTA project have been fully impaired. An onerous contract provision of $526 million was recorded.”
• “In the first half of 2025 there was an impairment trigger on the Tortue CGU mainly due to an increase in the forecast for future expenditure resulting in an impairment charge of $275 million related to the company's tangible and intangible assets. This impairment relates to events and circumstances arising since 31 December 2024 and will be included in 2025 financial statements.”
• “On 6 March 2025, PETROSEN elected to pay its share of all outstanding GTA Unit Cash Calls, remedying its default.”
• “In April 2025, bp announced the first cargo of liquefied natural gas (LNG) was loaded for export from the GTA Phase 1 project.”
• “The FLNG Gimi reached the Commercial Operations Date (COD) on 12 June 2025. BPSIL recognised a right of use asset of $573 million with a corresponding intercompany payable to BPMIL.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.