Qatar’s state-owned energy giant QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania.
This agreement is one of the several offshore exploration deals that Qatar has signed over the past few months.
The C-10 block covers an area of about 11,500 square kilometers and is located approximately 50 kilometersoff the coast of Mauritania in water depths of approximately 50 to 2,000 meters.
According to the agreement, and subject to customary approvals by the government of Mauritania, QatarEnergy will hold a 40% working interest in the exploration and production of the C-10 block. Shell (the operator) will hold a 50% interest, while Société Mauritanienne des Hydrocarbures, (SMH) will hold a 10% interest.
Earlier this week, QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada.
In January of this year, QatarEnergy signed an agreement with France’s TotalEnergies and Italy’s Eni to join them in the exploration for natural gas in Lebanon’s Mediterranean waters.
