VOL. XXXV
NO. 15
13-JANUARY-1992
Syria
Arco Farms into Marathon's Palmyra Permit
Atlantic Richfield Company (Arco) has acquired a 50% working interest at acost of $50mn in Marathon's Palmyra permit, located about 240 kms. northeastof Damascus, under a farm in agreement concluded between the two companies. The$50mn will be used for an eight-well drilling program extending up to 1993.One well has already been drilled but has proved to be dry; a second is drillingand is expected to reach target depth...
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