QatarEnergy has recently entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania.
Pursuant to the terms of the agreement and subject to customary approvals by the government of Mauritania, 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.
According to the Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al-Kaabi, they are excited about the opportunity to participate in Mauritania’s upstream sector which further builds on their exploration footprint in Africa. He said they look forward to a successful exploration programme with Shell.
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 square kilometres and is located approximately 50 kilometres off the coast of Mauritania in water depths of approximately 50 to 2,000 metres.
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