VOL. XXXIII

NO. 19

12-FEBRUARY-1990

Bahrain

Banoco Signs Production Sharing Contract with Harken of the US

The Bahrain National Oil Company (Banoco) has signed a production sharingagreement with Harken Energy Corporation of Texas which provides for oil and gasexploration in Bahrain's northwestern offshore waters off the islands ofMuharraq, Umm al-N'assan and the coral reef of Fasht al-Jarim. According toMEES sources, Harken, in the first phase of a three-year period, will drill anexploratory well...