Dubai Consortium to Spud First Onshore Well
The consortium which was awarded a 1,000 sq. km. onshore oil and gasexploration concession in Dubai last October, will spud within a week its firstwell - al-Salam - with a target depth of 14,000 ft. The consortium is composedof five companies: Dubai Exploration Onshore Ltd. (DEOL), an affiliate of theConoco subsidiary Dubai Petroleum Company (DPC) which will be operator with a30% stake in the concession; Dubai...