Tortue unitisation across Mauritania and Senegal

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...

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Kosmos: An unfinished West African story

Kosmos has had a busy 2017 chasing a high risk high reward oil play and working up its Senegal/Mauritania gas resources. In the second half of the year Hippocampe and Lamantin both came in dry ending the company's campaign for higher value oil. It can now focus on developing the c.40tcf of gas found at Tortue, Teranga, Yakaar and BirAllah. It has hopefully found the right partner in BP who farmed-in in late 2016. Although not generally seen...

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BP Christmas shopping

BP has announced a series of high profile acquisitions in the past few weeks. The deals are in line with BP's longer term strategy of building in regions where they can gain "scale and materiality", although the company has moved more quickly than expected based on OGInsight's recent conversation with them, where BP said they were in divestment and portfolio rationalisation mode. This potentially signals a view of an improving oil price environment...

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