Woodside took equity in Hardman through share placements between 2001 and 2004. Woodside and Hardman are participants in a number of joint ventures with assets offshore Mauritania, including the Chinguetti Project.
Woodside's decision to sell its Hardman shareholding is based on the successful completion of its Mauritanian entry strategy, which included assisting Hardman in funding its commitments in developing the Mauritanian assets.
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