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 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 0 25403
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...

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