Exploration and Investment Opportunities in Mauritania’s Petroleum Industry

Following the discovery (https://bit.ly/3luKJbk) of a large deposit of natural gas offshore Mauritania in the Tortue natural gas field in 2014 by U.S. deepwater exploration and production company Kosmos Energy, interest in the region’s oil and gas prospects has exploded, placing the Saharan country in the early stages of a hydrocarbon boom. Kosmos’ discovery led to the development of the Grand Tortue Ahmeyim project, which is now majority owned by oil and gas giant, BP (60%). Comprising the maritime border between Mauritania and Senegal and at a depth of 2,850m, BP is currently (https://bit.ly/3FCS1C8) building a floating liquefied natural gas facility to tap into the field’s estimated 15 trillion cubic feet of gas, with a 30-year production potential expected to begin in 2022.