VOL. XLVI

No 5

3-February-2003

UAE

PGS Reaches Final Agreement On Atlantis Sale To Sinochem For $105Mn

Norways Petroleum Geo-Services (PGS) announced on 24 January that it had agreed terms and signed an amendment to the agreement with China National Chemicals Import and Export Corporation (Sinochem), with agreed closure on or before 20 February for the purchase of its subsidiary, Atlantis Holding. In January 2002, Sinochem announced that it was buying Atlantis which is drilling for gas in Sharjah,...