VOL. XLVI

No 29

21-July-2003

SAUDI ARABIA

Shell, Total, Saudi Aramco Sign Gas Exploration Deal For Rub'i al-Khali

Shell and Total signed an agreement in Riyadh on 16 July to form a joint venture with Saudi Aramco to carry out gas exploration in a 200,000 sq km area in the south of the Rub'i al-Khali, some of which had been assigned to Core Venture 3 (CV3) of Saudi Arabias Natural Gas Initiative (NGI). Shell, as leader of the consortium, will hold 40% of the joint venture with Saudi Aramco and...