Shell, QatarEnergy sign farmout for block offshore Mauritania

Shell plc has agreed to farmout a 40% interest in C-10 block offshore Mauritania to QatarEnergy.

QatarEnergy will hold a 40% working interest in the exploration and production agreement, while Shell Exploration and Production Mauritanie BV will hold 50% and remain as operator, QatarEnergy said in a release Apr. 2. Société Mauritanienne des Hydrocarbures will hold the remaining 10% interest.

C-10 block lies about 50 km off the coast of Mauritania in water depths of 50-2,000 m and covers about 11,500 sq km.

The farmout is subject to government approval.