OMAN

Oman Revises Production-Sharing Terms of Sahmah Concession with Elf Group

The Oman Government has agreed to a revision of the terms of the production-sharing agreement of the Sahmah concession - which lies in central Oman next to the Saudi border and which is held by Elf Aquitaine, operator (48%), Sumitomo Petroleum Development co. of Japan (32%) and Wintershall of Germany (20%) - to allow additional development work to be carried out on the field. This has become necessary since the...