oil and gas
Featured image source: Offshore Technology

The World Bank has approved a $20 million International Development Association (IDA) grant to Mauritania to enhance the country’s capacity to negotiate investment agreements for developing the Great Tortue Ahmeyim, a large gas reserve overlapping Mauritania and Senegal.

In 2015, international oil and gas exploration and production company, Kosmos Energy, drilled in the Tortue-1 exploration well (later renamed Ahmeyim) and encountered approximately 117 meters of net hydrocarbon pay in high-quality reservoir sands in the Cenomanian and Albian intervals.

The following year, the Ahmeyim-2 well was drilled to a total depth of 5,200 meters. After that further discoveries were made, the results demonstrated field-wide reservoir continuity and indicate Tortue West as the large gas field.

“This grant will strengthen Mauritania’s capacity to ensure a major gas resource is developed effectively by private operators with strong support from the government. We trust all stakeholders will be provided an opportunity to engage and contribute to accelerate inclusive growth in Mauritania,” said Laurent Msellati, World Bank Country Manager for Mauritania.

Cooperation between Mauritania and Senegal

Senior Director, Energy and Extractives Global Practice at the World Bank Group, Riccardo Puliti, also commented: “The development of this joint resource will require strong cooperation between the governments of Mauritania and Senegal.

“The government of Senegal is receiving similar assistance, so this project could very well serve as an example for other countries that share natural resources with their neighbours.”

The Great Tortue Ahmeyim’s development is directly in line with the findings and recommendations of the Bank’s 2017 Systematic Country Diagnostic (SCD) for the Islamic Republic of Mauritania, which emphasised more inclusive growth and a stable macroeconomic environment as key ingredients for reducing poverty by 2030.

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