VOL. XLVI

No 22

2-June-2003

SYRIA

SPC Signs Oude Oilfield Redevelopment PSA With Tanganyika Oil

The Syrian Petroleum Company (SPC) has signed a production-sharing agreement (PSA) with Canadas Tanganyika Oil Company for the redevelopment of the 192 sq km Oude block in northeastern Syria. The three producing reservoirs of the heavy oil (16-18 API) Oude Field are the Shiranish, Butmah and Kurachina. The Shiranish hosts most of the reserves and will be the immediate focus of development. Tanganyika...