Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

MAURITANIA

Woodside Says First Oil From Chinguetti In February, Phase 1 Near Completion

Australias Woodside Petroleum on 20 September said Phase 1 of its Chinguetti project offshore Mauritania was 88% complete and that first oil is scheduled to start in February at a rate of 75,000 b/d. Woodside also estimated installation and start-up costs at $705mn, with an additional $45mn set aside for unplanned contingencies. Woodside said the...