Mauritania, Senegal sign ICA for development of Tortue field

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.

BP PLC in August let a 6-month pre-FEED contract for Tortue to KBR Inc. (OGJ Online, Aug. 17, 2017).

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.

Equity interests