Mauritania, Senegal sign ICA for development of Tortue field
The governments of Mauritania and Senegal signed an inter-governmental cooperation agreement (ICA) Feb. 9 allowing the development of cross-border Tortue natural gas field to continue. With the agreement in place, a final investment decision is expected by yearend with start of gas production expected in 2021.
Content Dam Ogj Online Articles 2018 02 180212 Tortue Ica Table Final
The governments of Mauritania and Senegal signed an inter-governmental cooperation agreement (ICA) Feb. 9 allowing the development of cross-border Tortue natural gas field to continue. With the agreement in place, a final investment decision is expected by yearend with start of gas production expected in 2021.
The ICA agreement provides for a 50-50 initial split of resources and revenues and a mechanism for future equity redeterminations based on actual production and other technical data.
