"BirAllah" Gas Field Deal with BP and Kosmos: A Game Changer for Mauritania's Economy
Mauritania has taken a major step towards transforming its economy by signing a production sharing contract with BP and Kosmos for the BirAllah gas field. The field, which is estimated to contain around 80 trillion cubic feet of gas, is even larger than the Greater Tortue Ahmeyim (GTA) field, which is currently being developed.
Under the terms of the agreement, the companies will have 30 months to conduct engineering studies and develop a business plan for the field. The government of Mauritania, which will hold a 29% stake in the field, intends to maximize local content in the development of the BirAllah field, particularly around the port of Ndiago.
If developed as planned, the BirAllah field is expected to provide opportunities for the petrochemical and steel processing industries, creating new jobs and boosting economic growth. BP and Kosmos have also stated that the field could be developed as a separate LNG hub, with a capacity of around 10 million tonnes per year.
The signing of this agreement is a major positive step for Mauritania, which has long sought to develop its natural resources and become a major player in the global energy market. By working with BP and Kosmos, the government of Mauritania is demonstrating its commitment to responsible, sustainable development that benefits the people of the country and the broader region.
As the engineering studies get underway, there is much anticipation about the potential of the BirAllah field to transform the economy of Mauritania and create new opportunities for its people. The project is expected to create jobs, drive economic growth, and provide much-needed revenue for the government.
Overall, this is an exciting development for Mauritania and the global energy industry. As the country continues to develop its natural resources and expand its economic opportunities, it has the potential to become a major player on the world stage. The signing of this production sharing agreement is just the beginning of what promises to be an exciting and prosperous new chapter in the country's history.
Mauritania has signed a gas exploration and production sharing agreement with British Petroleum (BP) and US-based Kosmos Energy for a field located in Mauritanian Atlantic waters. The field, named "BirAllah", contains reserves of almost 2.26 billion cubic metres of gas. The field, considered one of the largest in west africa, could produce up to 10 million tonnes of liquefied natural gas per year at a total cost of $4.6 billion. The Mauritanian state's share of revenues will be 29%. Production from the field is expected to start in November or December 2023, at the Grand Tortue Ahmeyim (GTA) gas plant in the Gulf of Guinea, located offshore on the Mauritania-Senegal border. Engineering studies for the project are expected to be completed within 30 months, after which a final investment decision will be made in the first half of 2025