LONDON (Alliance News) - Oil major Royal Dutch Shell PLC said on Monday it has secured two new blocks offshore Mauritania.
Shell, London's largest listed company by market capitalisation, has signed the deal with the Mauritanian government for the C-10 and C-19 blocks.
"This move represents Shell's entry into the West African Atlantic Margin exploration basin, which has significant potential," said Upstream Director Andy Brown.
"We look forward to working with the government and people of Mauritania as we bring our expertise and technical capability to help develop the country's emerging energy sector."
Once government approval is received, Shell will set up an office in Nouakchott and begin exploration activities.
Shell 'A' shares were 0.2% higher Monday at 2,660.00 pence, with 'B' shares 0.2% higher as well at 2,730.50p.
