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Woodside in $418M Mauritania withdrawal


Published Sep 27, 2007
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Berg Helene Woodside perm Chinguetti
courtesy Woodside Petroleum

Woodside Petroleum is selling Malaysia’s Petronas out of North African country Mauritania and the Chinguetti oilfield for $418 million, a statement said Thursday.

The deal includes all onshore and offshore assets, including the undone Tiof field, and the move is seen as a way to depart the disappointing, 120-million-barrel Chinguetti find it which it has a 47 percent stake.

The Aussie outfit said it would “examine its options” in relation to its other Africa assets.

The Petronas deal closes in November.



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