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re: dispute resolved - article Woodside to compensate...

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    re: dispute resolved - article Woodside to compensate Mauritania, return acreage

    30 Mar 2006, 10:20 AM ET

    NOUAKCHOTT, March 30 (Reuters) - Australian oil firm Woodside Petroleum Ltd will pay Mauritania $100 million in compensation and return 50 percent of its oil acreage there under a deal to resolve a contract dispute, an oil ministry official said on Thursda
    The official, who asked not to be identified, said Woodside would also allocate $200 million a year to cover environmental risks as part of the agreement.


 
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