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...
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