Middle East Economic Survey


No 47



BG In Talks To Extend Gal A, B Exploration Licenses

BG is in talks with the Israeli Petroleum Commission to extend the exploration licenses on the Gal A and Gal B offshore blocks that it operates. The licenses are due to lapse at the end of 2004. Following the withdrawal of minor Israeli shareholders earlier in the year, BG is continuing to search for an international partner capable of financing the deepwater drilling plans for...