TPIC Acquires Amoco's West Qarun Tract
The Turkish Petroleum Corporation's affiliate Turkish Petroleum InternationalCompany (TPIC) has acquired Amoco's West Qarun tract in Egypt's Western Desert.The 3,960-sq. km. tract was granted to Amoco in mid-1985 under aproduction-sharing concession agreement that was amended in early 1989 toincorporate the gas incentive provisions (MEES, 3 April 1989). Amoco drilledfour wells in the tract during the initial four-year...