Middle East Economic Survey

VOL. XLIX

No 35

28-Aug-2006

UAE

Indago Enters Ras Al-Khaimah Offshore Concession Accord, Relinquishes Onshore

Dubai-based Indago Petroleum announced on 14 August it had entered into a new petroleum concession agreement with the government of Ras al-Khaimah over the offshore producing Saleh field in parallel with a joint operating agreement with the Ras al-Khaimah Gas Commission (Rakgas). The concession area encompasses the multi-well, multi-platform Saleh development...