VOL. XXXI

NO. 24

21-MARCH-1988

EGYPT

Conoco Relinquishes Geisum Field

Conoco has relinquished its interest in the Geisum field in the Hurghadaconcession in the southern part of the Gulf of Suez to the Egyptian GeneralPetroleum Corporation (EGPC), according to a recent issue of the EGPC monthlymagazine al-Bitrul. The Geisum Oil Company (EGPC/Conoco group) will continue tooperate the field on behalf of the EGPC which has prepared plans to develop thefield. The plans, costing some $60mn, envisage the...