NO. 12/13

25-DEC-1989/1 JAN1990


Arco Dubai Acquires BP's Share in Margham Concession

The British Petroleum Company (BP), which had a ? interest in the 3,078 sq.km. onshore Dubai concession with the Margham field, has confirmed the sale ofits interest in the concession to its partner Arco Dubai, under pre-emptionrights, rather than to Oryx Energy of the US which had previously signed apreliminary sale agreement worth $1.31bn with BP to acquire a package of thelatter's interests in...