Mauritania to launch Banda field auction in H2

Mauritania hopes to auction off its Banda gas field in H2 but may need to sweeten the deal if it is to attract investors
By Miriam Malek 7 April 2017
Tullow operations in Ghana. The company left Banda to focus on fields in Ghana. (Tullow Oil)

Mauritania is seeking to capitalise on the recent hype surrounding its Tortue gas discovery by auctioning off the operatorship for the Banda gas field.

Philippe Bozier, a consultant from PwC who is advising the government on the process, told Interfax Natural Gas Daily bids will likely be invited for Banda in the second half of 2017.

The terms of the sale have not yet been agreed, but it has previously been suggested that an international investor will be asked to finance 30% of the field development, as...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up