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...
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