Terms of Marathon Group's West Gemsa Concession
The terms of the oil production-sharing concession agreement concluded last year by the Egyptian General Petroleum Corporation (EGPC) with Marathon and its partners for acreage in Egypt's West Gemsa area have become available to MEES.
These are summarized below:
- Companies: Marathon, Union Texas, Amerada Hess, and Union Oil.
- Area and location: 1,400 sq kms. onshore in the West Gemsa area southwest of the Gulf of...