Details of New Oil and Gas Agreements with Britoil and Unocal
The main terms of the two new oil and gas production-sharing agreementsconcluded by Egypt with Britoil and Unocal last May (MEES, 23 May) have becomeavailable to MEES. These are given below:
- Companies: Britoil (Development) Ltd., Lasmo Oil (Egypt) Ltd., andEnterprise Oil Exploration Ltd.
- Area and location: 2,877.5 sq. kms. at West Natrun in Egypt's WesternDesert.
- Effective date: 15 May...