Middle East Economic Survey
Cepsa Awarded Western Desert Exploration Block, Farms Into Gulf Of Suez Acreage
Spains Cepsa (25%), in association with IEOC (75%), a wholly-owned affiliate of Eni, has been awarded an exploration license for the 4,297 sq km North Bahrain block in the Western Desert, which was one of the blocks offered in the May 2004 licensing round. The exploration license, which carries an initial exploration period of three years, will involve...
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