2004: Creation of the “GPC” project for the monitoring of the Chinguetti field development project. This is the embryo on which the SMH company was built later on.
2005: Creation of SMH as a public establishment with an industrial and commercial nature, with as sole assets the holding of a participation of 12% in Chinguetti field.
2009: SMH acquires the legal statut of a National Company.
2009: New Mining Code establishing a State’s participation right in mining exploitations.
2010-2011: New Raw Hydrocarbons’ Code and new Contract Model (CEP), establishing a carried interest for SMH in exploration.
2012: Signing of the first CEP and related JOAs making the presence of SMH in exploration effective.
2014: By decree no. 2014-001 of January 6th, 2014, SMH becomes SMHPM following the extension of its missions to Hydrocarbons’ downstream and mining portfolio.
2021: By decree no. 2021-049 of April 28th, 2021, SMHPM becomes again SMH with missions focused solely on hydrocarbons.
A reflection is underway to transform and develop the company and to adapt it to the new context of energetic transition.
