Exploration & Production

Northwest African basin drawing more IOC interest

Shell has signed a deal for two blocks in Mauritanian waters as interest rises in the region’s offshore prospects Shell has signed a deal for two blocks in Mauritanian waters as interest rises in the region’s offshore prospects.
By Felix Janvrin 30 August 2018 0 32350
An iron ore export facility on Mauritania’s coast. (jbdodane/Flickr)

Shell signed a production-sharing contract (PSC) with the Mauritanian government in July for two offshore exploration blocks, becoming the latest oil major to show interest in the potential of the waters off northwestern Africa. 

The deal covers the Mauritania-Senegambia-Guinea-Bissau-Conakry (MSGBC) Basin. ExxonMobil, Total and Petronas have also bought into licences in the basin over the past 20 months. 

Blocks C-10 and C-19, which lie in shallow-water and deepwater areas off the Mauritanian coast, were previously owned by Woodside Petroleum and Chariot Oil respectively. Shell...