Oil giant Total prospecting in Mauritania

13th June 2007, Comments 0 comments

DAKAR, June 13, 2007 (AFP) - France's oil giant Total has started seismic prospecting for oil in Mauritania, a move expected to boost the country's output, which has been below forecasts, state radio said Wednesday.

DAKAR, June 13, 2007 (AFP) - France's oil giant Total has started seismic prospecting for oil in Mauritania, a move expected to boost the country's output, which has been below forecasts, state radio said Wednesday.

The onshore exploitation is not expected to begin before 2014 at the earliest, said Guy Butteux, director of Total in Mauritania.

Prospecting is taking place in the northern Taoudenni basin.

Oil output in Mauritania, Africa's newest producer of crude oil, is currently around 20,000 barrels per day, compared with the originally anticipated 75,000 bpd.

The deficit has been attributed to technical problems related to the siting of rigs which the northwestern African country hopes to rectify this year.

Mauritania last year joined Africa's club of elite oil producers when it began pumping crude oil out of its Chinguetti fields, 80 kilometres (50 miles), off the capital Nouakchott.

Australian firm, Woodside, clinched the first oil production sharing deals with the Mauritanian government last year, ending months of squabbling over amendments to previous contracts signed under the regime of ousted president Maaouiya Ould Taya.

The impoverished vast desert country is looking to boost its economic growth by up to 20 percent from the oil revenues.


Copyright AFP

Subject: French news

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