Africa > West Africa > Senegal > Dakar city > Mauritania, Senegal Agree on Mutual Exploitation of Gas Field

Dakar city: Mauritania, Senegal Agree on Mutual Exploitation of Gas Field

2016/07/15

Nouakchott and Dakar have come to an agreement to work jointly and share returns of gas production off their coasts by the American energy company, Kosmos, reports say.

Presidents of both nations have reportedly given instructions to their respective energy companies; Petrosen in Senegal and Smhpm of Mauritania to continue working with the American giant for gas exploration and production.

Kosmos Energy, active in both nations and major actor of gas exploitation in Senegal, announced it signed a Memorandum of Considerate (MoU) with the two national-owned companies entailing collaboration between the two governments.

Kosmos Energy in January discovered a giant gas field at Saint Louis, off the Senegalese coast. The field reportedly straddles both nations sea borders.

The discovery triggered intense talks between the two nations that were arguing over the location of the production platform.

According to the agreement reached by the two nations, the offshore platform will explore and exploit the gas whose production is planned to begin in 2020.

The gas field deemed the major in the West African region will make both Mauritania and Senegal major gas producers and exporters.

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