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    Total Grabs 2nd Mauritania Block

Summary

Total said May 12 it has signed an exploration and production contract for Mauritania’s 7,300 km2 offshore Block C7, its second in the country.

by: Mark Smedley

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Natural Gas & LNG News, Africa, Corporate, Exploration & Production, News By Country, Mauritania, Senegal

Total Grabs 2nd Mauritania Block

Total said May 12 it has signed an exploration and production contract for Mauritania’s 7,300 km²  offshore Block C7, its second in the country.

The French major will have a 90% interest alongside Mauritania’s state-owned SMHPM on 10%.

It’s the second catch-up move this month alone by Total to get into a northwest African offshore hot spot region – with close ties to France – where a partnership of Kosmos-BP has already made most of the running in the past three years.

The US-UK duo this week said it had made its sixth successful discovery in the region with its Yakaar-1 gas find off Senegal believed to be the largest hydrocarbon find to date in 2017.

That sense of Total's flat-footedness is compounded by the fact that  a giant 10,357 km² offshore Senegal block assigned last week to Total is still claimed by African Petroleum, 21.4%-owned by Romanian-Australian Frank Timis.

Speaking about the award of Mauritania's C7, Total E&P's senior vice president Guy Maurice said: “This agreement is part of Total’s strategy to explore new deepwater basins in Africa. The addition of the C7 block to our existing C9 deepwater license creates a contiguous exploration area of around 17,000 km² in a high-potential zone in offshore Mauritania." His remarks followed a meeting with Mauritanian petroleum minister Mohamed Abdel Vetah.

Vetah confimed the award to Total in a Mauritanian cabinet communique on May 11.

C7 was previously licensed to Dana Petroleum, a wholly owned subsidiary of Korean National Oil Corporation (KNOC) of South Korea, and includes the Pelican-1 gas find. But the block is no longer shown on KNOC's website. Dana and partner Tullow are understood to have since relinquished C7.

Tullow though says a new 3D survey is planned on its Mauritania offshore Blocks C3 and C10 this year; it also holds interests in block C18, and the Area B production sharing agreement which includes the near-depleted Chinguetti oilfield, also offshore.

Total has not responded about the award of the contested 10,357 km³ Rufisque Offshore Profond block in Senegal, which happened in the same week that that country's energy minister was abruptly dismissed.

 

Mark Smedley