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THE FOLLOWING RIGZONE NEWS ARTICLE WAS SENT TO YOU
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MAURITANIA'S CHINGUETTI OFFSHORE OIL FIELD STARTS PUMPING OIL
Friday, February 24, 2006
Mauritania has started pumping crude oil at its Chinguetti offshore oil
field in the Atlantic Ocean, making it Africa's newest oil producer, state
oil company Societe Mauritanienne des Hydrocarbures (SMH) announced.
"The production of Mauritanian oil effectively started on Friday at the
offshore Chinguetti oil field," 80 kilometers (50 miles) southwest of the
capital, SMH said in a statement.
The daily production is expected to reach 75,000 barrels of oil and
Mauritania hopes to earn some US $200 million a year from exports expected
to kick off around March 20.
Hardman Resources Ltd has a 19.01% stake in Chinguetti. Australia's
Woodside Petroleum Ltd, the operator has 47.83% while BG Group has 10.23%,
Premier Oil 8.12% and Australia's Roc Oil 3.25%.
The Mauritanian government holds the remaining stake of just under 12%.
http://www.rigzone.com/news/article.asp?a_id=29806
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