Mauritania Awards Upstream Licenses

Mauritania, in an attempt to boost offshore exploration, on 5 April signed production sharing contracts (PSCs) for four deepwater blocks, three going to US independent Kosmos Energy and one to Britain’s Chariot Oil and Gas. The foreign firms will take 90% of each license, with Mauritanian state firm SMH retaining 10%.


Kosmos, which already operates four exploration blocks offshore Morocco to the north was awarded Blocks...