Oil and Gas in the Maghreb post Arab Spring
The disruption and destruction during the Arab Spring in Libya and Tunisia has caused concern about its affect on oil and gas operations. Algeria has experienced no disruption in its hydro carbon sector but terrorism in the Sahel is increasing and analysts are wondering whether the turmoil unleashed by the Arab Spring is over.
Tunisia
Tunisia's state oil company is Etap and its oil industry is on a more modest scale tha its two neighbours. BG Group of the UK is the largest investor in Tunisia and manages its natural gas resources it produces 60 per cent of Tunisia's gas which is consumed locally. BG and the Tunisian Prime Minister recently denied recently that BG was pulling out odf Tunisia because of disruption and strikes during the revolution.
The country produced about 81,000 barrels per day of crude oil in 2009, according to MBendi, Crude oil production has declined marginally in the past decade. However, domestic consumption has increased from 83,000 barrels per day in 1999 to about 107,600 barrels per day in 2009. The country no longer exports crude oil as domestic consumption has risen considerably in recent years. The country’s low refining capacity has led the country to import refined petroleum products to meet its demands.
Crude oil reserves in Tunisia increased from 300m barrels in 2000 to 388m barrels in 2008. El Borma, Ashtart and Sidi el Kilani are Tunisia’s main oil producing fields. Tunisia had around 1.80 trillion cubic feet of proven natural gas reserves in 2008, with about two-thirds located offshore. Natural Gas production in Tunisia has increased from 81.70 bn cu ft in 2000 to 91.30 bn cu ft in 2009. Consumption, on the other hand, increased from 83 bn cu ft in 2000 to 112.60 bn cu ft in 2009. Tunisia does not export natural gas. Miskar and Franig are the two major gas fields in the country.
Offshore oil expolration offshore in Tunisia has increased recently.
Morocco
Morocco
Despite a number of exploration companies actively searching offshore and onshore no substantial oil find has yet been found.
Morocco has a substantial infrastructure to support an active oil and gas exploration and production industry. Major seaports, roadways, airports, pipelines and refineries are near large cities endowed with the usual European and North American style amenities.
Morocco has upstream potential which is being developed. Although hydrocarbon occurrences in Morocco are represented by a variety of liquid and gas accumulations ranging from dry gas in the Rharb Basin, condensate in Essaquira, light oil in Essaouira and Prerif, to heavy oil in Tarfaya, most sedimentary basins are still largely unexplored. Exploration activities can be conducted all the year round.Onhym is the state company under the Ministry of Energy Water and the Environment.
Morocco has a well-developed downstream industry. Refineries owned and operated by Opil are located at Sidi Kacem and at Mohammedia near Casablanca and have 7 million ton capacity. They annually deliver about 4 million tons.
Mauritania
Mauritania has seen recent growth in its oil and gas industry. Hardman has interests in eight offshore blocks in Mauritania (i.e. diagram showing summary of holdings), with the first PSC being signed in 1996. These blocks cover approximately 65,000 square kilometres, extend along 540 kilometres of coastline and include the majority of the prospective basin area, offshore Mauritania.
Two joint venture groups were established by Hardman. Blocks 2, 3, 4, 5 and 6 which cover the central, deep water salt basin were divided into Areas A, B and C under the terms of Farmin Agreements with Woodside Mauritania Pty Ltd ("Woodside") and ENI-Agip ("Agip"), signed in 1998. Hardman also holds three PSCs over Blocks 1, 7 and 8 which straddle the Woodside joint venture areas. These PSCs are in joint venture with Dana Petroleum plc ("Dana"), an oil production company listed on the London Stock Exchange. In February 2003 Hardman Resources announced following a detailed technical evaluation of 3D seismic and well data from the two highly successful Chinguetti appraisal wells drilled in 2002, that it had upgraded its recoverable oil reserve estimate for the Chinguetti Field in Mauritania.Hardman's recoverable oil estimates for the Chinguetti Field were: P(90) estimate 95 million barrels P(50) estimate 125 million barrels P(10) estimate 200 million barrels Statistical Mean estimate of 142 million barrels (recoverable).
In December 2003 Dana Petroleum announced that the Pelican-1 exploration well, drilled in Block 7 offshore Mauritania, has discovered significant hydrocarbons within its primary, Tertiary age target horizon. The well was drilled to a total depth (TD) of 3,825 metres (11,659 feet) with oil and gas shows encountered while drilling from 3,400 metres to TD.
Tullow and Sterling energy are also conducting operations in Mauritania.The industry is regulated by the Ministry of Water and Energy.
Source : https://www.marocafrik.com/english/Oil-and-Gas-in-...
Libya
Oil and gas companies tend to survive changes of regimes and political turmoil but in the case of the Oasis group of American companies in Libya comprising Amerada Hess,Conoco Phillips and Marathon it was American sanctions against Libya which triggered their exit in 1986 alongwith Occidental. They came back to Libya in 2004 as sanctions were lifted. The European companies stayed put. The oil and gas exploration companies have to have very close relations with the oil ministers and national oil companies such as NOC in Libya, EGPC in Egypt, Sonatrach in Algeria ETAP in Tunsia , ONHYM in Morocco. Libya's oil and gas production virtually ceased during the revolution but reportsat the end of 2011 citing NOC and ENI the italian oil giant said that Libya's oil production was back up to 2010 levels.
Libya has the largest proven oil reserves in Africa and like Algeria and Egypt is a member of OPEC.According to the 2011 BP Statistical Energy Survey as quoted by the MBendi website, Libya had proved oil reserves of 46.422 billion barrels at the end of 2010, equivalent to 76.6 years of current production and 3.35 % of the world's reserves. According to the same survey Libya produced an average of 1659 thousand barrels of crude oil per day in 2010, 1.97% of the world and a change of 0.4 % compared to 2009. Libya’s economy is based on oil and exports contribute between 75% and 90% of State revenues. Also according to the BP Staistical Energy survey, Libya had 2010 proved natural gas reserves of 1.54 trillion cubic metres, 0.82% of the world and equivalent to 98 years of current production, while producing 15.8 billion cubic metres, a change of -0.6% versus 2009 and equivalent to 0.49% of the world total. The Greenstream natural gas pipeline transports gas from Libya to Italy. The Minister for Mr. Abdul Rahman Binyeaza is visiting oilfields such as the Messla and Sareir oilfields (the largest oilfields in Libya belonging to The Arabian Gulf Oil Company (AGOCO) and they together with teh Sareir refinery are back in production following substantial damage during the recent fighting.
There are no fewer than 11 pure National Oil Companies active in the Libyan upstream sector, according to Evaluate Energy, all of whom have strong ties with their governments and who will be keen to see a swift resolution to the Libyan upheavals. This list includes 6 NOCs from the Asia Pacific region (including CNPC, India’s ONGC and Indonesia’s Pertamina), 2 from Europe (Polish Oil & Gas and Turkish Petroleum) and Russian giant Gazprom. European part state-owned players like ENI, OMV, Repsol are important producers in the country. Interestingly, Algerian state-owned Sonatrach also has a small interest in exploration in Libya.The most important foreign oil producers in Libya are ENI, OMV, Repsol-YPF, ConocoPhillips, Hess, Marathon, Occidental and Suncor, Statoil, GDF Suez, Total, Wintershall and Gazprom. Shell, BP,RWE-DEA and Australia’s Woodside Petroleum.
According to Rueters, BP - the British Company has a US$900 million deal in place for the onshore Ghadames area and offshore Sirte basin with 17 exploration wells. Royal Dutch Shell - Anglo-Dutch oil giant has a gas exploration permit for the Sirte Basin that it was awarded in 2007 as well as other permits awarded in 2005.ExxonMobil - The US hydrocarbons company has a $97 million deal in place with National Oil Company (NOC) of Libya as well as an exploration and production-sharing deal covering a huge area of the Cyrenaica Basin.Verenex - The Canadian company is currently stuck in an ownership tug-of-war between the NOC and CNPC. Has made a number of significant finds in the country.Occidental - California-based oil company is producing around 8000 barrels per day of oil this year, compared to 22,000 in 2008. Also has a number of gas and oil exploration permits.PGNiG -Polish gas company has a $108 million gas permit for the Murzuq Basin where it will drill at least eight wells.
Gazprom - Russian giant has a gas exploration license for areas in the Ghadames Basin.RWE - German energy company will drill two exploration wells in Syrenica basin blocks having agreed to spend a minimum of $76 million.Sonatrach - State-owned Algerian energy giant has two blocks in the Ghadames Basin.Oasis Group - The consortium that includes ConocoPhillips, Amerada Hess and Marathon will pay Libya $1.3 billion to extend its contracts in the Sirte Basin.Nippon Oil - Japanese largest refiner has an offshore exploration and production-sharing agreement in place with Libya worth $48 million. The deal also includes Mitsubishi Corp. and Japan Petroleum Exploration (JAPEX).Petrobas - Brazilian energy company has offshore exploration licenses.
The considerable destruction caused by the recent fighting during the over throw of the Ghaddafi regime has caused great destruction but there are encouraging signs that production levels are being restored to pre conflict levels. The restoration work will take sometime however and the security situation with the rival militias still fighting each other remains a concern.
Oil and gas companies tend to survive changes of regimes and political turmoil but in the case of the Oasis group of American companies in Libya comprising Amerada Hess,Conoco Phillips and Marathon it was American sanctions against Libya which triggered their exit in 1986 alongwith Occidental. They came back to Libya in 2004 as sanctions were lifted. The European companies stayed put. The oil and gas exploration companies have to have very close relations with the oil ministers and national oil companies such as NOC in Libya, EGPC in Egypt, Sonatrach in Algeria ETAP in Tunsia , ONHYM in Morocco. Libya's oil and gas production virtually ceased during the revolution but reportsat the end of 2011 citing NOC and ENI the italian oil giant said that Libya's oil production was back up to 2010 levels.
Libya has the largest proven oil reserves in Africa and like Algeria and Egypt is a member of OPEC.According to the 2011 BP Statistical Energy Survey as quoted by the MBendi website, Libya had proved oil reserves of 46.422 billion barrels at the end of 2010, equivalent to 76.6 years of current production and 3.35 % of the world's reserves. According to the same survey Libya produced an average of 1659 thousand barrels of crude oil per day in 2010, 1.97% of the world and a change of 0.4 % compared to 2009. Libya’s economy is based on oil and exports contribute between 75% and 90% of State revenues. Also according to the BP Staistical Energy survey, Libya had 2010 proved natural gas reserves of 1.54 trillion cubic metres, 0.82% of the world and equivalent to 98 years of current production, while producing 15.8 billion cubic metres, a change of -0.6% versus 2009 and equivalent to 0.49% of the world total. The Greenstream natural gas pipeline transports gas from Libya to Italy. The Minister for Mr. Abdul Rahman Binyeaza is visiting oilfields such as the Messla and Sareir oilfields (the largest oilfields in Libya belonging to The Arabian Gulf Oil Company (AGOCO) and they together with teh Sareir refinery are back in production following substantial damage during the recent fighting.
There are no fewer than 11 pure National Oil Companies active in the Libyan upstream sector, according to Evaluate Energy, all of whom have strong ties with their governments and who will be keen to see a swift resolution to the Libyan upheavals. This list includes 6 NOCs from the Asia Pacific region (including CNPC, India’s ONGC and Indonesia’s Pertamina), 2 from Europe (Polish Oil & Gas and Turkish Petroleum) and Russian giant Gazprom. European part state-owned players like ENI, OMV, Repsol are important producers in the country. Interestingly, Algerian state-owned Sonatrach also has a small interest in exploration in Libya.The most important foreign oil producers in Libya are ENI, OMV, Repsol-YPF, ConocoPhillips, Hess, Marathon, Occidental and Suncor, Statoil, GDF Suez, Total, Wintershall and Gazprom. Shell, BP,RWE-DEA and Australia’s Woodside Petroleum.
According to Rueters, BP - the British Company has a US$900 million deal in place for the onshore Ghadames area and offshore Sirte basin with 17 exploration wells. Royal Dutch Shell - Anglo-Dutch oil giant has a gas exploration permit for the Sirte Basin that it was awarded in 2007 as well as other permits awarded in 2005.ExxonMobil - The US hydrocarbons company has a $97 million deal in place with National Oil Company (NOC) of Libya as well as an exploration and production-sharing deal covering a huge area of the Cyrenaica Basin.Verenex - The Canadian company is currently stuck in an ownership tug-of-war between the NOC and CNPC. Has made a number of significant finds in the country.Occidental - California-based oil company is producing around 8000 barrels per day of oil this year, compared to 22,000 in 2008. Also has a number of gas and oil exploration permits.PGNiG -Polish gas company has a $108 million gas permit for the Murzuq Basin where it will drill at least eight wells.
Gazprom - Russian giant has a gas exploration license for areas in the Ghadames Basin.RWE - German energy company will drill two exploration wells in Syrenica basin blocks having agreed to spend a minimum of $76 million.Sonatrach - State-owned Algerian energy giant has two blocks in the Ghadames Basin.Oasis Group - The consortium that includes ConocoPhillips, Amerada Hess and Marathon will pay Libya $1.3 billion to extend its contracts in the Sirte Basin.Nippon Oil - Japanese largest refiner has an offshore exploration and production-sharing agreement in place with Libya worth $48 million. The deal also includes Mitsubishi Corp. and Japan Petroleum Exploration (JAPEX).Petrobas - Brazilian energy company has offshore exploration licenses.
The considerable destruction caused by the recent fighting during the over throw of the Ghaddafi regime has caused great destruction but there are encouraging signs that production levels are being restored to pre conflict levels. The restoration work will take sometime however and the security situation with the rival militias still fighting each other remains a concern.
Algeria
In 2005 a new hydrocarbons law was introduced in Algeria setting up two new agenciesand relieving Sonatrach from its public regulatory capacities and responsibilities and simplifying the hydrocarbons legal and tax regime. However, President A Bouteflika significantly amended the 2005 Hydrocarbons Law by Presidential Ordein 2006. The institutional framework and the new contractual regime set up by the 2005 Hydrocarbons Law have remained unchanged but the market liberalisation has been almost entirely abandoned. However Algeria seems set to review its hydrocarbons law with a view to attracting more foreign drilling investments, Minister of Energy and Mines, Youcef Yousfi said recently.
According to the 2011 BP Statistical Energy Survey, as quoted by MBendi website, Algeria had 2010 proved natural gas reserves of 4.5 trillion cubic metres, 2.4% of the world and equivalent to 56 years of current production. Algeria had 2010 natural gas production of 80.41 billion cubic metres, a change of 1% versus 2009 and equivalent to 2.51% of the world total. Algeria had 2010 natural gas consumption of 28.87 billion cubic metres, 0.9% of the world total.Algeria has proven oil reserves of 12.2 billion barrels at the end of 2010, equivalent to 18.4 years of current production and 0.88 % of the world's reserves. Algeria produced an average of 1809 thousand barrels of crude oil per day in 2010. and natural gas exports, make up 98% of Algerian exports.
The Algerian oil and gas sector has great potential and is still relatively unexplored and the review of the hydrocarbons law is felt to be urgently needed to attract foreign investment.The Algerian national oil company is Sonatrach and it plays a key role in both upstream and downstream oil and gas industries. It is responsible for exploration and production, transport, refining, processing, marketing and distribution. Through its subsidiaries, the company has a domestic monopoly on oil production, refining, and transportation. Algeria's oil sector, though, is not completely open to foreign companies. All foreign operators must work in partnership with Sonatrach, with Sonatrach usually holding majority ownership in these production-sharing agreements.With a turnover nearing $56,1 billion in 2010, Sonatrach is ranked first company in Africa and 12th in the world. It is also 4th world LNG exporter, 3rd world LPG exporter and 5th World Natural gas exporter.
Algerian oilfields produce high quality light crude oils with very low sulphur and mineral contents. The main areas of exploration for oil and gas are in the east, on the border of Tunisia and Libya and the central area where large gas discoveries have been made. Increased exploration and enhanced oil recovery projects are likely to increase both Algeria’s reserves and production. BP is a partner with Sonatrach and Statoil in the In Salah and In Amenas projects which supply gas to the domestic and European markets. BP is also in partnership with Sonatrach in the Rhourde El Baguel (REB), an Enhanced Oil Recovery project 75km east of the Hassi Messaoud oilfield.In addition, BP is partner to Sonatrach in the Bourarhat Sud block, located to the South West of In Amenas. In September 2010, the Algerian Government approved an extension to the second prospecting period for this block.BP and Sonatrach have also formed a partnership to share the capacity of the Isle of Grain liquefied natural gas (LNG) terminal in the UK.
Other international oil companies operating in Algeria include Shell,(UK), Anardako and,Amerada Hess, (US)Total (France), BG Group (UK), Statoil (Norway), BHP Billiton( Australia), PetroCanada (Canada), Woodside Energy ( Australia),Repsol and Cepsa (Spain) Eni (Italy), E.ON (Germany) and Gazprom (Russia).
Hassi Messaoud is the great oil base in central Algeria and is well guarded. Despite continuing terrorist incidents in remote areas and an incresing threat from the Sahel Algeria's oil industry has been little affected so far. The security industry has a major presence international hydrocarbons sector in Algeria.
Algeria has two pipelines exporting gas to Europe, they are the Medgaz pipeline via Morocco to Spain and the Trans Mediterranean pipeline via Tunisia to Italy. There is also the The Trans Sahara pipeline with Nigeria which is not yet completed.
In 2005 a new hydrocarbons law was introduced in Algeria setting up two new agenciesand relieving Sonatrach from its public regulatory capacities and responsibilities and simplifying the hydrocarbons legal and tax regime. However, President A Bouteflika significantly amended the 2005 Hydrocarbons Law by Presidential Ordein 2006. The institutional framework and the new contractual regime set up by the 2005 Hydrocarbons Law have remained unchanged but the market liberalisation has been almost entirely abandoned. However Algeria seems set to review its hydrocarbons law with a view to attracting more foreign drilling investments, Minister of Energy and Mines, Youcef Yousfi said recently.
According to the 2011 BP Statistical Energy Survey, as quoted by MBendi website, Algeria had 2010 proved natural gas reserves of 4.5 trillion cubic metres, 2.4% of the world and equivalent to 56 years of current production. Algeria had 2010 natural gas production of 80.41 billion cubic metres, a change of 1% versus 2009 and equivalent to 2.51% of the world total. Algeria had 2010 natural gas consumption of 28.87 billion cubic metres, 0.9% of the world total.Algeria has proven oil reserves of 12.2 billion barrels at the end of 2010, equivalent to 18.4 years of current production and 0.88 % of the world's reserves. Algeria produced an average of 1809 thousand barrels of crude oil per day in 2010. and natural gas exports, make up 98% of Algerian exports.
The Algerian oil and gas sector has great potential and is still relatively unexplored and the review of the hydrocarbons law is felt to be urgently needed to attract foreign investment.The Algerian national oil company is Sonatrach and it plays a key role in both upstream and downstream oil and gas industries. It is responsible for exploration and production, transport, refining, processing, marketing and distribution. Through its subsidiaries, the company has a domestic monopoly on oil production, refining, and transportation. Algeria's oil sector, though, is not completely open to foreign companies. All foreign operators must work in partnership with Sonatrach, with Sonatrach usually holding majority ownership in these production-sharing agreements.With a turnover nearing $56,1 billion in 2010, Sonatrach is ranked first company in Africa and 12th in the world. It is also 4th world LNG exporter, 3rd world LPG exporter and 5th World Natural gas exporter.
Algerian oilfields produce high quality light crude oils with very low sulphur and mineral contents. The main areas of exploration for oil and gas are in the east, on the border of Tunisia and Libya and the central area where large gas discoveries have been made. Increased exploration and enhanced oil recovery projects are likely to increase both Algeria’s reserves and production. BP is a partner with Sonatrach and Statoil in the In Salah and In Amenas projects which supply gas to the domestic and European markets. BP is also in partnership with Sonatrach in the Rhourde El Baguel (REB), an Enhanced Oil Recovery project 75km east of the Hassi Messaoud oilfield.In addition, BP is partner to Sonatrach in the Bourarhat Sud block, located to the South West of In Amenas. In September 2010, the Algerian Government approved an extension to the second prospecting period for this block.BP and Sonatrach have also formed a partnership to share the capacity of the Isle of Grain liquefied natural gas (LNG) terminal in the UK.
Other international oil companies operating in Algeria include Shell,(UK), Anardako and,Amerada Hess, (US)Total (France), BG Group (UK), Statoil (Norway), BHP Billiton( Australia), PetroCanada (Canada), Woodside Energy ( Australia),Repsol and Cepsa (Spain) Eni (Italy), E.ON (Germany) and Gazprom (Russia).
Hassi Messaoud is the great oil base in central Algeria and is well guarded. Despite continuing terrorist incidents in remote areas and an incresing threat from the Sahel Algeria's oil industry has been little affected so far. The security industry has a major presence international hydrocarbons sector in Algeria.
Algeria has two pipelines exporting gas to Europe, they are the Medgaz pipeline via Morocco to Spain and the Trans Mediterranean pipeline via Tunisia to Italy. There is also the The Trans Sahara pipeline with Nigeria which is not yet completed.
Tunisia
Tunisia's state oil company is Etap and its oil industry is on a more modest scale tha its two neighbours. BG Group of the UK is the largest investor in Tunisia and manages its natural gas resources it produces 60 per cent of Tunisia's gas which is consumed locally. BG and the Tunisian Prime Minister recently denied recently that BG was pulling out odf Tunisia because of disruption and strikes during the revolution.
The country produced about 81,000 barrels per day of crude oil in 2009, according to MBendi, Crude oil production has declined marginally in the past decade. However, domestic consumption has increased from 83,000 barrels per day in 1999 to about 107,600 barrels per day in 2009. The country no longer exports crude oil as domestic consumption has risen considerably in recent years. The country’s low refining capacity has led the country to import refined petroleum products to meet its demands.
Crude oil reserves in Tunisia increased from 300m barrels in 2000 to 388m barrels in 2008. El Borma, Ashtart and Sidi el Kilani are Tunisia’s main oil producing fields. Tunisia had around 1.80 trillion cubic feet of proven natural gas reserves in 2008, with about two-thirds located offshore. Natural Gas production in Tunisia has increased from 81.70 bn cu ft in 2000 to 91.30 bn cu ft in 2009. Consumption, on the other hand, increased from 83 bn cu ft in 2000 to 112.60 bn cu ft in 2009. Tunisia does not export natural gas. Miskar and Franig are the two major gas fields in the country.
Offshore oil expolration offshore in Tunisia has increased recently.
Morocco
Morocco
Despite a number of exploration companies actively searching offshore and onshore no substantial oil find has yet been found.
Morocco has a substantial infrastructure to support an active oil and gas exploration and production industry. Major seaports, roadways, airports, pipelines and refineries are near large cities endowed with the usual European and North American style amenities.
Morocco has upstream potential which is being developed. Although hydrocarbon occurrences in Morocco are represented by a variety of liquid and gas accumulations ranging from dry gas in the Rharb Basin, condensate in Essaquira, light oil in Essaouira and Prerif, to heavy oil in Tarfaya, most sedimentary basins are still largely unexplored. Exploration activities can be conducted all the year round.Onhym is the state company under the Ministry of Energy Water and the Environment.
Morocco has a well-developed downstream industry. Refineries owned and operated by Opil are located at Sidi Kacem and at Mohammedia near Casablanca and have 7 million ton capacity. They annually deliver about 4 million tons.
Mauritania
Mauritania has seen recent growth in its oil and gas industry. Hardman has interests in eight offshore blocks in Mauritania (i.e. diagram showing summary of holdings), with the first PSC being signed in 1996. These blocks cover approximately 65,000 square kilometres, extend along 540 kilometres of coastline and include the majority of the prospective basin area, offshore Mauritania.
Two joint venture groups were established by Hardman. Blocks 2, 3, 4, 5 and 6 which cover the central, deep water salt basin were divided into Areas A, B and C under the terms of Farmin Agreements with Woodside Mauritania Pty Ltd ("Woodside") and ENI-Agip ("Agip"), signed in 1998. Hardman also holds three PSCs over Blocks 1, 7 and 8 which straddle the Woodside joint venture areas. These PSCs are in joint venture with Dana Petroleum plc ("Dana"), an oil production company listed on the London Stock Exchange. In February 2003 Hardman Resources announced following a detailed technical evaluation of 3D seismic and well data from the two highly successful Chinguetti appraisal wells drilled in 2002, that it had upgraded its recoverable oil reserve estimate for the Chinguetti Field in Mauritania.Hardman's recoverable oil estimates for the Chinguetti Field were: P(90) estimate 95 million barrels P(50) estimate 125 million barrels P(10) estimate 200 million barrels Statistical Mean estimate of 142 million barrels (recoverable).
In December 2003 Dana Petroleum announced that the Pelican-1 exploration well, drilled in Block 7 offshore Mauritania, has discovered significant hydrocarbons within its primary, Tertiary age target horizon. The well was drilled to a total depth (TD) of 3,825 metres (11,659 feet) with oil and gas shows encountered while drilling from 3,400 metres to TD.
Tullow and Sterling energy are also conducting operations in Mauritania.The industry is regulated by the Ministry of Water and Energy.
Source : https://www.marocafrik.com/english/Oil-and-Gas-in-...