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Nouakchott - The Mauritanian government and the consortium of companies "GoGas" and "Arab Energy" signed a contract this Monday in Nouakchott to exploit gas reserves in the "Banda" and "Tevet" fields located in the Mauritanian coastal basin.
The agreement was signed on the Mauritanian side by the Minister of Petroleum, Energy, and Mines, Nani Ould Chrougha, and on the consortium side of the companies "GoGas" and "Arab Energy" by the President of GoGas, Khaled Abou Bakr..
According to a briefing from the Ministry of Petroleum and Energy, the "Banda" and "Tevet" fields have total reserves estimated at 2.2 trillion cubic feet of natural gas, with a total investment in the project exceeding one billion US dollars, covering the areas of extraction, transportation, and distribution of gas, including the construction of a new station and facilities for gas transportation..
It is expected that the gas extracted from these two fields will lead to a significant transformation in electricity production, enabling the supply of gas to a power station with a capacity of 180 megawatts and providing an additional electricity reserve that will benefit partners such as SNIM and SOMELEC to improve energy performance.
Ould Chrougha stated in his speech that the signing of this agreement represents an important step in valuing national gas resources, strengthening the energy sector, and stimulating investments in exploration and production..
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