Mauritania Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2021-2025

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Mauritania’s total gross crude oil and condensate production capacity in 2017 was valued at 3.1 thousand barrels per day (kbd) and is projected to grow at a CAGR of more than 40% during the forecast period 2023-2025. The country’s energy industry is dominated by deepwater crude oil and condensate production from Chinguetti. Mauritania previously had just one active oil field Chinguetti which lies in deep water Block PSC B in the MSGBC (Mauritania, Senegal, Gambia, Guinea-Bissau, and Guinea-Conakry) basin.

Mauritania has recently seen a flurry of exploration activity in the last decade with the discoveries of Tortue (2016), and BirAllah (2019). Just one of these fields (Tortue) has received FID and is due to come online in 2023. Tortue was delayed in 2020 as a force majeure was called on works as a result of COVID-19 however the participants remain confident of the first gas in 2023. Both of these discoveries were in ultra-deepwater and both contain vast gas resources with Tortue containing an estimated 15 tcf and BirAllah an additional 13 tcf of gas initially in place. The BirAllah field development will likely hinge upon the success of Tortue and future market conditions.

Overview of Mauritania total crude oil and condensate production

Overview of Mauritania total crude oil and condensate production

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What are the market dynamics in Mauritania’s exploration & production sector?

The outlook for Mauritania is looking bright as after a number of years with no production, the Tortue/ Ahmeyim development has received FID and construction is well underway with the first gas set for the second half of 2023. The largest development in the country, Tortue/Ahmeyim is a large gas condensate field shared with neighboring Senegal which received FID in 2018. The operator, BP called force majeure on the delivery of the FLNG vessel in 2020 as a result of COVID-19 impacts and the first gas will be pushed back to late 2023 rather than H1 2023 as originally planned, just a few months delay. The development of Tortue/Ahmeyim consists of 4 production wells tied to an FPSO, and an FLNG vessel with 2.5 MTPA capacity for export protected by a breakwater. Production from the field is shared evenly with Senegal. The revenue from the field is expected to be used to add to the development for phase 2 and will have similar production to phase 1. Phase 2 is currently without FID and is in FEED but the first gas is forecast for 2026. The BirAllah development is yet to receive FID however was the largest deepwater discovery of 2019 with sufficient resources to support a solitary LNG project. However, a full development concept has yet to be announced.

Mauritania currently has 8 licensed blocks, with no upcoming bid or licensing rounds. The national oil company (Societe Mauritanienne des Hydrocarbures) holds a stake in all blocks. In 2019 two major wells were drilled, Orca-1 and Richat-1. The Richat-1 well drilled by TotalEnergies resulted in a dry hole after big expectations however, the Orca-1 well made the discovery of the giant BirAllah field. The country does not have an upcoming licensing or bid round and so there are currently no planned exploration wells.

2019 saw mild activity in M&A activity in Mauritania as Cairn Energy acquired a stake in Block C7 from TotalEnergies, and Kosmos Energy withdrew their intention to farm down from the Tortue/ Ahmeyim development instead choosing to maintain their share as the project appears to be valuable and the company aims to maintain its position in the country. 2020 was a depressing year for activity in the oil and gas industry including mergers and acquisitions, and as yet there has been no M&A activity in 2021.

What are the key categories of Mauritania’s crude oil and natural gas production?

By terrain, the crude oil and natural gas production in Mauritania are categorized into deepwater and ultra-deepwater. The deepwater category accounted for the largest share of crude oil and natural gas production, in 2020. The trend is expected to be followed even during the forecast period. The major assets in Mauritania’s crude oil and condensate production include Chinguetti and Tortue (Mauritania). Similarly, the major asset of Mauritania’s marketed natural gas production includes Tortue (Mauritania).

Mauritania exploration & production sector, by type

Mauritania exploration & production sector, by type

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Who are the major players in the exploration & production sector in Mauritania?

The major crude oil and condensate players in Mauritania include BP Plc, Harbour Energy PLC, Kosmos Energy Ltd, Societe Mauritanienne des Hydrocarbures, Kuwait Petroleum Corp, Petroliam Nasional Bhd, and Tullow Oil Plc. The major natural gas producers in the market are BP Plc, Kosmos Energy Ltd, and Societe Mauritanienne des Hydrocarbures.

Mauritania crude oil and condensate sector, by key players

Mauritania crude oil and condensate sector, by key players

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Market report scope

Market Size (Year – 2017) Crude oil and condensate production: 3.1 kbd
Growth Crude oil and condensate production: CAGR >40% during 2023-2025
Base year for estimation 2017
Key categories Deepwater and Ultra-Deepwater
Key producers BP Plc, Harbour Energy PLC, Kosmos Energy Ltd, Societe Mauritanienne des Hydrocarbures, Kuwait Petroleum Corp, Petroliam Nasional Bhd, and Tullow Oil Plc

 Scope

This report provides an overview of the Mauritania exploration & production sector. The report includes:

  • Key details of active and upcoming oil and gas assets in the country.
  • Recently licensed blocks details, licensed blocks count by company, and latest discoveries.
  • Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country.

Reasons to Buy

  • Gain a strong understanding of Mauritania’s E&P sector.
  • Facilitate decision-making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries.
  • Assess your competitor’s production outlook and licensed blocks count in the country.
  • Analyze the latest M&A landscape and awarded contracts related to the country’s E&P sector.

Table of Contents

|Table of Contents 3

|List of Tables 4

|List of Figures 5

E&P Overview 6

Production & Development Outlook 6

Exploration 6

Mergers & Acquisitions 6

Mauritania Exploration and Production Sector 7

Mauritania Exploration and Production Sector, Oil and Gas Production Outlook 7

Mauritania Exploration and Production Sector, Marketed Natural Gas Production by Terrain 8

Mauritania Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets 9

Mauritania Exploration and Production Sector, Marketed Natural Gas Production by Assets 10

Mauritania Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies 11

Mauritania Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies 12

Mauritania Exploration and Production Sector, Active and Upcoming Oil and Gas Asset Details 13

Mauritania Exploration and Production Sector, Exploration 15

Mauritania Exploration and Production Sector, Total Licensed Blocks 15

Mauritania Exploration and Production Sector, Licensed Blocks by Company 15

Mauritania Exploration and Production Sector, Exploration 16

Mauritania Exploration and Production Sector, Exploration Details, Exploration 16

Mauritania Exploration and Production Sector, Major Oil and Gas Discoveries 18

Mauritania Exploration and Production Sector, Number of Oil and Gas Discoveries, 2016 – 2020 18

Mauritania Exploration and Production Sector, Oil and Gas Discovery Details 19

Recent Contracts 20

Appendix 23

Methodology 23

Coverage 23

Secondary Research 23

|Contact Us 24

Table

Mauritania, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025 7

Mauritania, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025 8

Mauritania, Gross Crude Oil and Condensate Production (bd), by Assets, 2016-2025 9

Mauritania, Marketed Natural Gas Production (mmcfd), by Assets, 2016-2026 10

Mauritania, Net Entitlement Crude Oil and Condensate Production (bd), by Major Companies, 2016 – 2025 11

Mauritania, Net Entitlement Natural Gas Production (mmcfd), by Major Companies, 2016 – 2025 12

Mauritania, Active and Upcoming Oil and Gas Field Assets Details 14

Mauritania, Total Licensed Blocks, 2010-2020 15

Mauritania, Licensed Blocks by Company, 2010-2020 15

Mauritania, Recently Licensed Block Details 16

Mauritania, Number of Oil and Gas Discoveries, 2016 – 2020 18

Mauritania, Oil and Gas Discovery Details, 2016 – 2020 19

Recent Contracts 20

Figures

Mauritania, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025 7

Mauritania, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025 8

Top 10 Fields in Mauritania by 2020 Crude Oil Production 9

Top 10 Fields in Mauritania by 2020 Natural Gas Production 10

Top Companies in Mauritania by 2020 Crude Oil and Condensate Production 11

Top Companies in Mauritania by 2020 Natural Gas Production 12

Mauritania, Active and Upcoming Oil and Gas Assets by Production Start Year 13

Mauritania, Number of Oil and Gas Discoveries, 2016 – 2020 18

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