VOL. XXXII

NO. 31

8-MAY-1989

UAE

Sharjah Government Acquires 60% Stake in Amoco's Concession

According to Amoco's 1988 Annual Report, the Government of Sharjah hasexercised its right to purchase a 60% working interest in Amoco's concession,where the Saaga onshore field is located. Amoco said that net production (i.e.the company's share in the field's total output) averaged 14,400 b/d ofcondensate, 3,500 b/d of LPG and 70mn cubic feet/day of natural gas. The fieldwas discovered in 1980 and is...