Qatar's state-owned energy giant QatarEnergy announced on Sunday that it has entered into an agreement with Shell to acquire a 40 percent working interest in the C-10 block located offshore Mauritania. Under the agreement, QatarEnergy will hold a 40 percent working interest in the Exploration and Production Agreement pertaining to the C-10 block, the statement added. Furthermore, the statement declared that Shell the operator will hold a 50 percent interest, while Société Mauritanienne des Hydrocarbures, SMH will hold a 10 percent interest. It is worth mentioning that C-10 block covers an area of about 11,500 square kilometers and is located approximately 50 kilometres off the coast of Mauritania in water depths of approximately 50 to 2,000 metres. Saad Sherida Al-Kaabi, the Minister of Energy Affairs, the CEO of QatarEnergy, said: "We're excited about the opportunity to participate in Mauritania's upstream sector which further builds on our exploration footprint in Africa..."
