VOL. XLVI

No 22

2-June-2003

SYRIA

Devon, Gulfsands Sign PSA For Syrias Block 26

US independents Devon Energy (80% - operator) and Gulfsands Petroleum (20%) signed on 31 May a production sharing agreement (PSA) for Syrias northeastern Block 26 (For map, see MEES, 6 January). The agreement between the US companies and the Syrian Petroleum Company (SPC) marks a return to Syrias upstream oil sector by US companies, who have not been present since the 1980s. Under the terms of the Exploration,...