Shell secures exploration acreage offshore Mauritania

Shell secures exploration acreage offshore Mauritania

“This move represents Shell’s entry into the West African Atlantic Margin exploration basin, which has significant potential,” said Andy Brown, Shell’s Upstream Director. “We look forward to working with the government and people of Mauritania as we bring our expertise and technical capability to help develop the country’s emerging energy sector.”

Following the customary government approvals of the contracts, Shell will set up an office in Nouakchott and begin exploration activities, starting with reprocessing and analysis of existing seismic data and acquisition of new data.

Shell will operate the exploration programme with a 90 percent interest. Société Mauritanienne des Hydrocarbures et de Patrimoine Minier, the national oil company of Mauritania, holds a 10 percent interest.

Additionally, Shell and the government of Mauritania have agreed in a Memorandum of Understanding to jointly evaluate further offshore exploration opportunities, examine new ways of meeting the country’s domestic energy needs, and build capability in the energy sector.

Source of information

Shell & Profibusiness.world

Date

September 12, 2018

ProfiBusiness.world


           
   

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