Page 8 - GLNG Week 40 2022

GLNG AFRICA GLNG

BP, Kosmos gain more

gas for LNG through

BirAllah, Orca deal

CONTRACTS BP (UK) and Kosmos Energy (US) appear to stake in the block.
have expanded their resource base for LNG pro- The deal will allow BP and Kosmos to
duction offshore West Africa through the sign- extend their footprint in the MSGBC basin off-
ing of a preliminary deal for Block C8, a natural shore West Africa. Block C8 lies directly north
gas-bearing licence area offshore Mauritania, of Greater Tortue/Ahmeyim (GTA), a large
with the country’s Ministry of Petroleum, Mines gas-bearing site straddling the maritime border
and Energy. between Mauritania and Senegal where the part-
The ministry did not reveal the exact terms ners plan to launch LNG production and exports
of the agreement, but it announced the signing next year. GTA is being developed in phases and
of a document on October 11. In a statement, it will eventually produce at least 5mn tonnes per
said the parties had finalised a production-shar- year (tpy) of LNG.
ing contract (PSC) with a term of 30 months fol- GTA, in turn, is adjacent to Yakaar-Teranga,
lowing the expiration of their exploration deal in a block offshore Senegal where BP and Kosmos
June of this year. have found gas. The two companies also intend
BP and Kosmos are expected to use this to extract gas from this site and will supply pro-
30-month period to carry out and complete duction to Senegal’s domestic gas market as well
engineering studies of C8 and then make a final as an LNG plant.
investment decision (FID) on the project in the Meanwhile, the Block C8 agreement will
first half of 2025, it reported. give BP and Kosmos access to the BirAllah and
The block’s gas resources are large enough to Orca discoveries offshore Mauritania. Together,
support a profitable LNG project that will trans- the two fields are believed to hold more than 50
form Mauritania’s economy by generating large trillion cubic feet (1.42 trillion cubic metres)
export revenues, the statement added. of gas. This is more than the other two blocks
It reported that BP had pledged to work with put together, as GTA contains around 15 tril-
the Ministry of Petroleum, Mines and Energy to lion cubic feet (425bn cubic metres) of gas and
draw up a plan for maximising local content in Yakaar-Teranga has about 25 trillion cubic feet
the project and noted that the national oil com- (708 bcm).™
pany (NOC) SMHPH would retain a 25% equity

P8 www. NEWSBASE .com Week 41 14•October•2022