Total snaps up Mauritania block

Total has gained a 90% stake in the C7 block offshore Mauritania, the French major said on Friday. It will be working alongside state-owned SMHPM, which maintains 10% in the 7,300-kilometre asset.

Already a stakeholder in the deepwater C9 exploration area, Friday’s exploration and production contract increases Total’s contiguous exploration area to more than 17,000 square kilometres.

“This agreement is part of Total’s strategy to explore new deepwater basins in Africa,” Senior Vice-President for Africa Guy Maurice said in a press release.

The waters offshore Mauritania and Senegal have drawn attention in recent months, with BP increasing its footprint in the area. Earlier this week, the company announced a “major” find in the area, home to the cross-border Tortue field.

Recent Posts

Iberdrola to triple offshore wind assets to $18 billion

Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More

11 hours ago

Angola’s Azule Energy awards Saipem $850-million contract

Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More

15 hours ago

Arrow Exploration spuds new well in Colombia

Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More

22 hours ago

Petronas makes discovery off Suriname

Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More

2 days ago

Japan’s JERA slates $32 billion for LNG, renewables, new fuels

Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More

2 days ago

Chevron planning UK North Sea exit

Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More

2 days ago

This website uses cookies.