Shell farms out Mauritania stake to QatarEnergy
- Date: 03-Apr-2023
- Source: Energy Voice
- Sector:Agriculture
- Country:Qatar
Shell farms out Mauritania stake to QatarEnergy
QatarEnergy (QE) has struck a deal to take a 40% stake in a Shell block offshore Mauritania.
Shell will continue as operator with a 50% stake, while Société Mauritanienne des Hydrocarbures (SMH) will have 10% in the C10 block.
“We’re excited about the opportunity to participate in Mauritania’s upstream sector which further builds on our exploration footprint in Africa, and we look forward to a successful exploration programme,” said QE president and CEO Saad Sherida Al-Kaabi.
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