a la chevron?, page-3

Good stuff KA and butch.

Although we've yet to flow Tiof succesfully, I doubt the joint venture would have drilled 5 holes if they thought there may be a possibility it wouldn't flow. Just wouldn't happen IMHO. Here's a few crops from WPL's November presentation..

Value delivery – 2007 aspirations

Total operated production of ~1 MMboe/d
Woodside’s share of annual production of ~100 MMboe
Four LNG trains in production, constructing Train 5
Five FPSOs in Australia and Mauritania
Five offshore platforms
Production from four global focus areas

Growth objectives Growth objectives

Deliver Chinguetti
Deliver Tiof
Establish gas framework
Algeria and Libya
More frontier deepwater
>100 kbd production in Mauritania by end 2007

Mauritanian gas

Banda and Pelican
Associated gas at Chinguetti, Tiof and Tevét
Long-term strategic opportunity
Develop commercial gas terms
Assessing commerciality

WPL have always been very conservative as we know so I would expect these targets to be met at a minimum. As for Tiof, a billion plus barrels will see WPL estimates around the 500MB mark IMHO. Who knows though, Voelte may break the conservative estimates we've become accustomed to with a little luck. We just have to be patient!

Cheers,
xmagx