Mauritania – Sterling Energy

Recorded prior to the Kosmos second discovery, and the recent Cairn Senegal appraisal well success.

“Mauritania is the most exciting, …..with Tullow as partner … up to two wells in the next 18 months starting middle of next year”

Also at 26:45

 

Mauritania – Kosmos – Results Due in November

Kosmos followed up on their recent Chevron farm out with a 14 tcf gas find in Mauritania and now a second well (and possibly 5 more) which kicked off in August 2015. This one could be more ‘oily’ than the last one. If this or any of the remaining 5 Kosmos Mauritania drills are successful then this will add fuel to the farm-out process for any company involved, or wanting to be involved in Mauritania. One other small company has an interest in Mauritania – Sterling Energy (SEY). The other oilers are the big guns.  Shell has recently announced its new strategy to target deep water drilling. Mauritania has to be on its ‘sniff list’ with both Morocco and Mauritania being strategically placed to supply gas into Europe via the Morocco-Spain gas link. Will Mauritania become the next Angola? Chevron has gone on record saying they are elephant hunting – no doubt the other large oilers are doing or about to do the same.