By Oliver Griffin

 

BP PLC (BP.LN) said Friday that it has given the green light for the first phase of the Greater Tortue Ahmeyim liquid natural gas development, which straddles Mauritania and Senegal.

The U.K. oil-and-gas company said the final investment decision was made following agreements with the governments of the two African nations and their respective state oil companies--SMHPM and National Oil Companies Petrosen--as well as with Kosmos Energy Ltd. (KOS).

The Greater Tortue Ahmeyim project will produce gas from an ultra-deepwater subsea system and a floating production, storage and offloading vessel, BP said.

Gas will be processed then transferred to a floating liquefied natural gas facility at a nearshore hub located on the Mauritania and Senegal maritime border.

BP said the facility is designed to provide circa 2.5 million metric tons of liquid natural gas a year.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

December 21, 2018 10:07 ET (15:07 GMT)

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