Mauritania, Senegal sign ICA for development of Tortue field
Feb. 12, 2018
The governments of Mauritania and Senegal signed an inter-governmental cooperation agreement (ICA) Feb. 9 allowing the development of cross-border Tortue natural gas field to continue. With the agreement in place, a final investment decision is expected by yearend with start of gas production expected in 2021.
The governments of Mauritania and Senegal signed an inter-governmental cooperation agreement (ICA) Feb. 9 allowing the development of cross-border Tortue natural gas field to continue. With the agreement in place, a final investment decision is expected by yearend with start of gas production expected in 2021.
The ICA agreement provides for a 50-50 initial split of resources and revenues and a mechanism for future equity redeterminations based on actual production and other technical data.
