QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania
Under the terms of the agreement, QatarEnergy will hold a 40% working interest in the Exploration and Production Agreement pertaining to the C-10 block. Shell (the operator) will hold a 50% interest, while Société Mauritanienne des Hydrocarbures, (SMH) will hold a 10% interest.
His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said, “We’re excited about the opportunity to participate in Mauritania’s upstream sector which further builds on our exploration footprint in Africa, and we look forward to a successful exploration programme.
“We are delighted to have the opportunity to work with our strategic partner Shell and with SMH. We also look forward to collaborating with the Mauritanian government and thank them and our partners for their valuable support and cooperation.”
The C-10 block covers a total area of approximately 11,500 sq km and is located approximately 50 km off the coast of Mauritania in water depths of approximately 50 to 2,000 m.
The agreement follows hot on the heels of an agreement with Exxon-Mobil Canada for two exploration licences offshore the province of Newfoundland & Labrador in Canada.
