In February 2006, Mauritania began producing its first Oil from the Chinguetti oilfield, which is located offshore 56 miles southwest of Nouakchott. The field has estimated proven reserves of 123 million barrels of oil. Currently, the field is producing around 15,000 barrels per day (bbl/d), but output is expected to reach capacity of 75,000 bbl/d by the end of 2006. Woodside Petroleum operates the Chinguetti field with a 47.38 percent interest and is joined with partners Hardman Resources (19.01percent),Mauritanian-government controlled Societe Mauritanienne des Hydrocarbures (12 percent), BG Group (10.23 percent), Premier Oil (8.12 percent)and Roc Oil(3.25 percent).The Mauritanian government created the national oil company in 2004.