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Arco Dubai to Drill New Well

Arco Dubai, a subsidiary of Atlantic Richfield, will spud in two months' timea new well in Dubai's onshore gas/condensate Margham field, in an attempt tomaintain falling production levels. The Margham field - for which the concession is held 2/3 by the operator Arco Dubai and 1/3 by Britoil (taken over by BP in 1988) - was discovered in 1982 and came on stream in October 1984. The field has been averaging 25,000 b/d of condensate and...