Mauritania Signs New Offshore Exploration Agreements with Murphy Oil

On 3 November, Mauritania signed two exploration and production-sharing contracts with US-based Murphy Oil covering offshore blocks C10 and Tiof. The agreements aim to revive offshore oil and gas exploration and attract international investment, but the financial terms, exploration work programme and committed investment amounts were not disclosed. The agreements may generate future opportunities for energy-sector investors, project finance advisers, technical consultants and oilfield service companies. HPC can support corporate introductions, investment research and partnerships with relevant energy-sector stakeholders.