VOL. XLVI

No 51/52

22/29-December-2003

EGYPT

Apache Signs MOU With EGPC/EGAS For Development Of Offshore West Mediterranean Block

Apache Corporation announced on 16 December that it had signed a memorandum of understanding (MOU) for a gas sales agreement, field development plan and deepwater development lease for a minimum of 2.7 tcf of gas over 25 years from the deepwater portion of its offshore West Mediterranean concession in Egypt. Production is expected to start in 2007. Principal terms...