BANDA & TEVET INTEGRATED GAS-TO-POWER PROJECT (MAURITANIA)
The Banda & Tevet Integrated Gas-to-Power Project in Mauritania represents a transformative energy infrastructure initiative. Go Gas Holding was awarded the Banda & Tevet License in April 2024 after proposing a gas-to-power development in consortium with downstream sister company, Rosetta Energy. Go Gas holding holds an 86.50% operated interest in the License, together with SMH, the National Oil Company, holding the remaining 13.50% as a carried interest. The project is designed to unlock and monetize significant offshore gas resources through a fully integrated upstream and downstream development model.
The Banda and Tevet fields together contain an estimated 1.3 trillion cubic feet (Tcf) of gas in place, with 0.9 Tcf recoverable and 2.3 million barrels of condensate.
The Banda field, discovered in 2002 by Woodside and declared commercial in 2012 by Tullow Oil, has been thoroughly appraised through five wells. Its reservoir continuity has been validated through gas injection from the nearby Chinguetti oil field, and subsequent production supporting both power generation and gas lift operations.
The Tevet field, discovered in 2004, offers additional tie-back potential to extend the production plateau and enhance long-term output flexibility.
The total capital investment is estimated at USD 1.4 billion, comprising USD 1.0 billion for upstream development and USD 400 million for downstream infrastructure, including power generation and small-scale LNG (SSLNG) facilities.
The Final Investment Decision (FID) is scheduled for Q3/Q4 2026, initiating a 2.5-year execution phase leading to first gas in Q1 2029. The Banda & Tevet project is expected to have a significant positive impact on the Mauritanian economy by replacing imported diesel with cleaner, domestically produced gas, enhancing energy security, and creating over 200 local jobs.
Strategically, the project positions Mauritania as a regional energy hub, enabling long-term gas monetization, supporting industrial growth, and contributing to the country’s energy transition goals. With a strong resource base, integrated development strategy, and secured offtake agreements, the Banda & Tevet Project offers a compelling investment opportunity with robust economic and social returns.