VOL. XLVI
No 33
18-August-2003
SYRIA
President Asad Approves Devon/Gulfsands PSA For Block 26
President Bashar al-Asad on 10 August approved the production-sharing agreement (PSA) involving US independents Devon Energy (80% operator) and Gulfsands Petroleum (20%) for northeastern Block 26 (11,000 sq km) that was signed in May (MEES, 2 June). Under the agreement, the US firms are to spend $29mn during the 25-year exploration, development and production period, drilling eight new wells and shooting...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!