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Project Insights

Shell acquires two blocks offshore Mauritania

Shell has signed two production-sharing contracts to explore deepwater blocks C-10 and C-19 offshore Mauritania.
By Staff reporter 24 July 2018 Europe & Russia / Exploration & Production 0 31868

Shell has signed two production-sharing contracts to explore deepwater blocks C-10 and C-19 offshore Mauritania, the company has announced.

Shell will have a 90% stake and be operator, while Mauritania’s state oil company will retain 10%.

The agreement also gives AIM-listed Chariot Oil & Gas a back-in right for a working interest of 10-20% in the C-19 block at a future date subject to regulatory approval.

The blocks are Shell’s first acreage in the West African Atlantic Margin exploration basin, which “ has significant potential”,...