re: bg offloads mauritania woodside next perhaps, page-3

re: bg offloads mauritania woodside next perhaps Lets do that all again

From The Age today

Chinguetti has turned out to be a much more geologically complex field than originally expected. It was built to produce up to 75,000 boe a day. But production in the December quarter fell to 23,000 boe from 31,000 boe in the September quarter due to natural field decline.

Woodside and its joint-venture partners began drilling an infill well in late December to help maintain production at 20,000 to 30,000 boe a day.

One of Woodside's partners in the Chinguetti development, Hardman Resources, was recently acquired by Ireland's Tullow Oil. In the quarterly report, Woodside said it "continues to examine options to maximise the value of its Mauritanian holdings".

Asked if this indicated a possible sale, Woodside spokesman Roger Martin said: "We continue to look at the best ways to get value from the assets. I can't really go further than that."

http://www.theage.com.au/news/business/woodside-boosts-oil-production-to-record/2007/01/18/1169095910172.html