Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

MAURITANIA

Hardman Sees 1Bn Barrels Oil In Place At Tiof Discovery, Development Plan By End 2005

Australias Hardman Resources believes that the Tiof discovery offshore Mauritania contains some 1bn barrels of oil in place with initial recoverable reserves estimated at 290mn barrels. In a 1 March interview with Corporate File, Harman CEO Simon Potter said the field was most likely to be developed using a floating production, storage and...