Mauritania

1
Mauritania Transparency

• Woodside joined EITI on April 2005
• Working with governments to make public
  production volumes taxes paid
• Support Mauritanian Government joining EITI

2
Mauritania Chinguetti

• Woodside 48 and Operator
• Background
• 2D seismic 2000
• 3D seismic Dec-Mar 2001
• Discovered June 2001
• Approved Q2 2004

3
Chinguetti success
1st Woodside-operated international project
delivering production

• First oil achieved on 24 February 2006
• First cargo loaded on 22 March 2006
• Three cargoes delivered

4
Chinguetti production

• FPSO
• - Storage 1.65 MMbbl
• - Permanently moored
• - Production capacity 75kbpd

Subsea - 6 production wells - 5 water injection
wells - 1 gas injection well
5
Other Discoveries

• Banda (Gas) in 2002
• Tiof (Oil) in 2003
• Tevet (Oil) in 2004
• Labeidna (Oil) in 2005
• Appraisal of all these discoveries continuing.

6
Tiof appraisal
Tiof West
Discovery
N
Gas Cap
Oil Leg
Tiof Canyon System
2km

• Complex reservoir
• Further evaluation required

7
Mauritania exploration

• 2005 program6 exploration wells
• - Sotto-1 Unsuccessful
• - Espadon-1 Unsuccessful
• - Tevét-2 37m gross oil Tevét Deep 6m gross
  oil
• - Labeidna-1 116m gross oil - Zoulé
  Unsuccessful
• - Doré -1 Unsuccessful
• 2006 program
• - 3D seismic
• - 4 exploration wells budgeted