Middle East Economic Survey
Amerada Hess Acquires Apache Stake In Offshore West Mediterranean
Amerada Hess on 13 October said it had acquired from Apache Corp a 55% stake in the deepwater section of Egypts offshore West Mediterranean concession for $413mn. In a separate transaction, Apache will purchase Amerada Hess assets in eight oilfields in the Permian basin in West Texas and New Mexico for $404mn. The deepwater section of the West Mediterranean...