Terms of IEOC Group's Kanayis Concession
The main terms of the production-sharing concession agreement concludedlast January (MEES, 23 January) by Egypt with a consortium headed by the ENI/Agipsubsidiary International Egyptian Oil Company (IEOC) have become available toMEES. These are given below:
- Companies: IEOC Co. Inc. 34% (operator), BP Petroleum Development Ltd. 28%,BHP Petroleum (Egypt) Inc. 20%, and Idemitsu Oil Development Co. Ltd. 18%.
- Area and...