VOL. XLVII
No 21
24-May-2004
SYRIA
President Asad Ratifies ONGC, IPR Contract For Block 24
Syrian President Bashar al-Asad has ratified the award of a production-sharing agreement (PSA) to Indias ONGC Videsh and the Texas-based Improved Petroleum Recovery Group (IPR MEES, 26 January). Under the agreement, the foreign partners must spend $7.5mn over the first three years of the contract, reprocessing 1,770km of 2D seismic data, shooting 500km of 2D seismic or the financial equivalent of 3D and...
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