In January, the explorer revealed it had decided to leave the project because analysis of 2D seismic data acquired in 2014 had not sufficiently de-risked the block in order for the company to commit to the next phase of exploration.
The next phase of exploration was due to begin in June. Commitments under Phase 2 would’ve included the acquisition of 700 square kilometres of 3D seismic and drilling one exploration well.
“We remain committed to our assets in Mauritania and look forward to focussing our efforts on de-risking and maturing the remaining potential in Block C-10," said Eskil Jersing, Sterling Energy chief executive.
Following Sterling Energy’s withdrawal from Block C-3, Tullow retains 90% of the project alongside the state’s Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM).