NO. 23



Sharjah Awards Amoco Offshore Concession

The Government of Sharjah has awarded a new offshore oil explorationconcession covering 1,018 sq. kms. to Amoco Sharjah Oil Company, a subsidiary ofAmoco of the US. A seismic survey of the concession area is planned for thisyear. Amoco Sharjah has a 40% interest in another Sharjah concession where theonshore Saaga field is located. Saaga, whose output peaked at 52,000 b/d ofcondensate in 1985 and fell to 36,000 b/d in...