The governments of Mauritania and Senegal have signed an Inter-Governmental Cooperation Agreement in another step forward for the Tortue gas development which straddles the border of the two countries. The field will now be unitised with an initial split of resources 50:50 and a mechanism for future equity redeterminations based on actual production and other technical data.
FID of the field remains on track, targeting year end 2018 with first gas in 2021. The BP-led joint venture is looking at a near-shore FLNG concept which will reduce costs significantly.
The unitised ownership will be BP 61% operator, Kosmos 29%, and government partners retaining the remaining 10%.
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