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(Agence Ecofin) – On Monday, a Shell statement announced the signing of two production sharing contracts with the Mauritanian government for the exploration and potentially production of oil and gas in offshore blocks C-10 and C-19.
An operation marking the entry of the Anglo-Dutch firm into the promising offshore exploration basin of Mauritania.
Shell will control 90% of holdings on these blocks and the rest will return to Mauritania's public hydrocarbons company.
After regulatory approvals, shell will set up an office in the capital, Nouakchott, and then launch exploration activities, starting with the reprocessing and analysis of existing seismic data as well as the acquisition of new data.
None of these two perimeters is near the border with Senegal where Kosmos Energy recorded six important discoveries gas and oil with his partner BP.
Shell Senior Manager Andy Brown said he was pleased with the signing of this agreement and added that Shell is looking forward to working with the government and the people of Mauritania, bringing its expertise and technical capacity to the table. helping to develop the country's emerging energy sector
Mauritanian oil minister Mohamed Ould Abdel Vetah said that "Shell's entry into the offshore represents an important added value for and help maintain the dynamism of the energy sector in Mauritania.
Blocks C-10 and C-19 are located off Mauritania in water depths ranging from 20 to 2,000 meters. The total area of two blocks is approximately 23,675 km².
In addition, Shell has agreed with Chariot Oil & Gas a right of retrocession for a direct interest of 10% to 20% in block C-19 at a later date, subject to the usual approval of the Government.
Olivier de Souza
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