From WPL Report - possible Ching Review - aargh!!
Mauritania - Chinguetti:
Gross production of 41,549 bbl per day (Woodside share: 17,077 bbl per day) was lower than the previous
quarter of 59,247 bbl per day (Woodside share: 24,381). Natural decline in production from Chinguetti is
expected to continue in 2006 unless further well intervention takes place. At the beginning of July gross
production was around 37,000 bbl per day. Given the lower than expected production from the Chinguetti
field to date, the reserves for this field are under review. Several initiatives, such as infill drilling and high
resolution seismic are being considered and these, together with a revision of the geological and reservoir
models, will enable an update of the development plan for the entire field.
Gross production of 3,787,632 bbl was achieved for the quarter. Woodside's quarterly production entitlement
of 1,554,022 bbl is determined in accordance with the terms of the Production Sharing Contract with the
Islamic Republic of Mauritania.
HDR
hardman resources limited
