Transworld Subsidiary Awarded Exploration Acreage in Oman
Compact Exploration Company, a Bermuda registered subsidiary of the USTransworld Oil (TWO) signed a production sharing agreement with Oman on 5 Marchcovering an area of some 50,000 sq. kms. in the Batinah and Dhahirah areas inthe eastern part of the country and extending through to the Wadi Aswad regionof the northwest desert. The area was relinquished by Amoco Corporation in 1990.The agreement is for a...
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