+++++++++++++++++++++++++ Woodside Mauritania Pty Ltd., operator of the Mauritania Area C Joint Venture, reports that the Chinguetti-6-1 exploration well on the Thon Prospect, in Block 6 offshore Mauritania, was spudded on 20 October 2002.
On 22 October 2002, the well had been drilled to a depth of 1377 metres and the current operation was running the 13(3/8) inch casing.
The drill ship "Deepwater Discovery" is drilling the well. The location is approximately 125 kilometres northwest of Nouakchott. Water depth at the location is 659 metres and the planned total depth is 3309 metres.
Since the last report, plug and abandonment operations on Chinguetti-4-2 were completed and the rig was handed over to the Chinguetti-6-1 joint venture on 19 October 2002.
All reported depths (except water depth) are referenced to the rig rotary table.
Agreement has been reached (subject to completion of formal farmout documentation) to farmout equity in the well and in the PSC to Petronas Carigali of Malaysia. Revised equities in the well and in the PSC will then be as follows:
PSC C (BLOCK 6) PSC C (BLOCK 6) (pre-farmout) (post-farmout)
Following guidance from the Mauritanian Government, all wells in Mauritania follow the naming convention "Chinguetti-Block number-Well number". Therefore the official designation of this well is "Chinguetti-6-1".
A Niardone ASST. COMPANY SECRETARY
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