VOL. XLIV

No. 05

29-January-2001

BAHRAIN

Svenska Farms Into Chevrons Offshore Bahrain Concessions

Svenska, a Swedish company owned by prominent Saudi businessman Shaikh Muhammad Husain al-'Amudi, towards the end of last year farmed into Chevrons concession in blocks 1, 2 and 3 offshore Bahrain, taking a 40% stake. Block 1 is located north of the island and blocks 2 and 3 lies to the west. Chevron, which remains the operator, signed a production-sharing agreement with Bahrain in 1998 (MEES, 2...