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Mauritania: Total acquires two exploration blocks

By: Mandisa Nduli 
Total has signed an agreement for the acquisition of two exploration blocks offshore Mauritania with Mauritania’s Minister of Petroleum, Energy and Mines, Mohamed Abdel Vetah, at an ongoing conference in Nouakchott.
With an existing presence in the country, the new agreement will see Total increase the number of exploration blocks it currently holds in Mauritania.
In addition to the agreement, Total will inject $5 million to the creation of a fund which will finance power generation infrastructure.
The fund will also contribute to increasing the capacity of two existing power plants in the northwest African country.

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Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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