Terms of Esso's South Hurghada Concession
The terms of the oil and gas exploration and production agreement signed lastJuly (MEES, 29 July 1991) by Egypt with Esso for the South Hurghada tract(northern part of block A1) have become available to MEES. The agreement, forwhich the effective date is 3 April 1992, follows closely the pattern of otherEgyptian oil and gas production-sharing concession agreements. The tract covers480 sq. kms. of onshore acreage...