Middle East Economic Survey
VOL. LII
No 26
6-Jul-2009
CASPIAN
GDF Suez Takes 20% Interest In Absheron DPSA
GDF Suez announced on 29 June that it has acquired a 20% stake in the development and production sharing agreement (DPSA) for the Absheron block offshore Azerbaijan. GDF Suez bought its equity from license operator Total, which reduced its interest to 40% while state firm Socar retains 40%. Socar has estimated that drilling prospects on the block have the potential to hold gas reserves of 300...
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