The Chinguetti deposit is a petroleum deposit off the Mauritanian coast, discovered by the Australian firm Woodside Petroleum in 2001. Pumpjack pumping an oil well near Sarnia, Ontario Petroleum (from Greek petra – rock and elaion – oil or Latin oleum – oil ), crude oil, sometimes colloquially called black gold or Texas Tea, is a thick, dark brown or greenish liquid. ... Woodside Petroleum Limited is an Australian petroleum mining company. ... 2001: A Space Odyssey. ...

Relatively modest in size (a little less than 100 million barrels), this deposit is nonetheless significant as the first commercial discovery of oil in the country, opening a new region for offshore petroleum exploration. Production of 75,000 barrels a day is projected to begin in 2006.

A smaller deposit, Tevet, was discovered in the same area, and will probably be drilled using the same platform.

In 2004, Woodside had agreed in investing US$ 600 million in developingthe Chinguetti project. However, in February 2006, the Mauritanian government led by Ely Ould Mohamed Vall denounced amendments to an oil contract made by former authoritarian leader Maaouya Ould Sid'Ahmed Taya with Woodside Petroleum. In 2004, Woodside had agreed in investing US$ 600 million in developing Mauritania's Chinguetti offshore oil project. The controversed amendments, which Mauritanian authorities declared that they had been signed "outside the legal framework of normal practice, to the great detriment of our country", could cost Mauritania up to $200 million a year, according to BBC News ^[1].. February-James Pattersons 5th book in the Womans Murder Club Series comes out; it is called The 5th Princess. ... Col. ... Maaouya Ould SidAhmed Taya (Arabic: ) (b. ...

References

1. ↑ “Mauritania and firm row over oil,” BBC News, February 6, 2006.“Crise ouverte avec la compagnie pétrolière Woodside,” Radio France International, February 6, 2006.