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Major players to unlock Mauritania’s gas potential

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Mauritania’s gas fields are attracting attention from major players in the international oil and gas industry. Image credit: Aboodi Vesakaran from Unsplash

Major players to unlock Mauritania’s gas potential   

Mauritania’s BirAllah gas field, located in the Mauritanian coastal basin, has garnered significant attention from major players in the oil and gas industry, including bp and Kosmos Energy, due to its immense investment potential.

In October 2022, a deal was signed between the Mauritanian government and these industry giants, setting the stage for the exploration and development of BirAllah, which is estimated to hold close to 80 trillion cubic feet of gas.

As per the agreement, bp will conduct comprehensive studies to enable the field’s development to commence within 36 months. The stakeholders are hopeful that these studies will establish the feasibility of establishing companies to exploit the project in the strategic port area of Ngago, located in southwest Mauritania, which is the closest coastal point to the field.

The BirAllah gas field possesses numerous attributes that make it an attractive investment opportunity. It boasts a well-defined structure, high-quality reservoir properties, and top-grade gas. Moreover, the field has the potential for significant production rates, with initial estimates suggesting it could yield up to 4 billion cubic feet of gas per day.

A large offshore gas discovery (Major players to unlock Mauritania’s gas potential)

The development of the BirAllah field is of significant importance to Mauritania’s gas industry (https://apo-opa.info/3UTUPmb), which has faced challenges in attracting investment in the past due to political instability and inadequate infrastructure.

However, the discovery of the BirAllah field has the potential to change this narrative, as it represents one of the largest offshore gas discoveries in Africa in recent years.

The participation of prominent global companies such as bp and Kosmos Energy in the BirAllah field underscores the immense investment potential of this oil field.

These prominent global companies not only bring substantial capital but also possess the expertise and advanced technology required for unlocking the BirAllah gas field’s development potential.

This development is expected to attract additional international oil companies (IOCs) to invest in Mauritania’s gas industry, signalling to the world that Mauritania is a viable investment destination, potentially leading to further exploration and development of the country’s abundant gas reserves.

Super majors exploring offshore Mauritania (Major players to unlock Mauritania’s gas potential)

According to the International Trade Administration, the energy sector offers some of the most promising investment opportunities in the market.

Kosmos Energy and bp are poised to lead the charge in transitioning hydrocarbons as the driving force of Mauritania’s economy, surpassing iron ore.

Currently, several supermajor oil and gas companies are exploring offshore Mauritania, with 22 blocks available for leasing.

Additionally, there are opportunities for developing fields where oil has already been discovered, as well as providing supplies and logistical support to companies operating within the sector, presenting numerous investment prospects.

The completion of the BirAllah field, projected to take place over the next few years, could be a game-changer for Mauritania’s economy.

The first gas exports from the field could be facilitated through the Ngago port area, which boasts the necessary infrastructure, including a deep-water harbour, access to electricity and water, and proximity to major shipping lanes, to support the construction of a gas terminal.

Opportunities in Mauritania will be discussed and unpacked at length during the third edition of the MSGBC Oil, Gas & Power Conference & Exhibition (https://apo-opa.info/3LgiTwm) that will take place in Nouakchott, Mauritania on 21-22 November 2023 under the theme “Scaling Energy Opportunities in Africa’s New Frontiers.”

Organised by Energy Capital & Power, MSGBC Oil, Gas & Power 2023 will unite the region’s energy policymakers, companies and investors with global counterparts to discuss and optimise investment opportunities within the energy market.

Major players to unlock Mauritania’s gas potential   

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Major players to unlock Mauritania’s gas potential  

 

 

 

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