VOL. XLV

No 28

15-July-2002

UAE

Sharjah And Ajman To Jointly Develop Zora Gasfield

The governments of Sharjah and Ajman on 10July signed a production-sharing agreement for the development of the Zora gasfield in the twoemirates offshore around 40km from the coast. Also signatories to theagreement were Crescent Petroleum and Atlantis Holding (a subsidiary ofPetroleum Geo-Services PGS), the two respective concession-holders.Production, to be shared equally between the two partners, is scheduled...