On the morning of Wednesday, November 27, 2024, SMH hosted the first Operating Committee meeting for the Banda Gas Field project at its headquarters in Nouakchott. The meeting brought together the teams from SMH and Go Gas.
The session was chaired by Mr. Ismail Abdel Vetah, Director General of SMH, and Mr. Khaled Kacem, Chief Executive Officer of Go Gas Upstream. It was attended by technical, financial, and commercial teams from both organizations.
In his address, Mr. Ismail Abdel Vetah emphasized the strategic importance of this partnership for Mauritania. He reaffirmed SMH and Go Gas’s commitment to collaborating closely to develop the Banda field within the agreed timelines and meet the country’s growing energy needs.
Mr. Khaled Kacem expressed his gratitude to SMH and Mauritanian authorities for their warm welcome and reiterated Go Gas’s dedication to the success of the project. He also highlighted the importance of this collaboration in advancing the critical stages of Banda’s development.
During the meeting, participants reviewed the project’s progress, which aligns with the requirements of the Production Sharing Contract (PSC) and agreed timelines. They also formalized the creation of joint sub-committees and teams between SMH and Go Gas to enhance operational efficiency and ensure the project’s success as per the Joint Operating Agreement between the two partners.
About the Banda Gas Field Project:
Banda/Tevet Integrated Gas Project (IGP) – Mauritania
The Sponsor, Go Gas Holding, in partnership with TAQA Arabia entered an MoU with SMH (the Mauritanian NOC) in Nov-23, for the development of the Banda and Tevet offshore discoveries which sit at about 230m of water depth on the Mauritanian continental shelf about 74km away from Nouakchott, as part of an IGP. This IGP will supply the Mauritanian Power, Mining, and Transport sectors with much needed natural gas to significantly reduce Mauritania’s fuel costs supporting its economic growth.
Together Banda and Tevet feature proven recoverable reserves of about 1 Tcf with an expected production of 80 to 100 mmcfd for a period of 20 years.
TAQA Arabia, as a prominent regional downstream Gas and Power Player, will handle the development of the downstream market for the IGP including a small-scale LNG project through its affiliate Rosetta Energy.
Go Gas signed the PSC with the Mauritanian government (May-24) and has successfully completed the Exploration Sub-Phase 1. Go Gas and SMH signed the JOA in Aug-24.
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