Petronas Australis Pty Ltd., a subsidiary of the Malaysian national oil and gas company Petroliam Nasional Berhad, Kuala Lumpur, Malaysia, plans to acquire the Mauritanian assets of Woodside Petroleum Ltd., Perth, Australia, (Australia: WPL) for US$418 million. The assets include interests in eight upstream acreages in Mauritania, including in the offshore production-sharing-contract A and B areas, the producing Chinguetti oil field in PSC B, offshore blocks 2, 6 and 7 and onshore blocks Ta 11 and Ta 12. Petronas already has an existing 35% share in Block 6. Except for Block 7, Petronas will assume operatorship in all of the acreages following the acquisition.
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