UAE

Fujairah to Spud First Offshore Well 

The first exploratory well in the Fujairah offshore concession, granted last year to North South Resources (operator) and International Petroleum of Canada (MEES, 5 March 1984), is to be spudded next August. The well, which is a part of $12.7mn drilling operation, will have a target depth of 15,000 ft. and is intended to explore the Thamama formation. The concession agreement provides for the drilling of one wildcat within 15 months of...