VOL. XLIV

No 33

13-August-2001

JORDAN

TransGlobal Resources Spuds Asal-1 Exploration Well

US-basedTrans Global Resources (TGR) has spudded the Asal-1 exploration well in thesouth of the Dead Sea area in Jordan, according to a company statement. Thestatement said that the well, the first in the 6,950 sq km Dead Sea block, willbe drilled to a depth of 2,500-5,000 meters. The acreage was awarded to TGR in1996 for eight years with a commitment to spend $20mn over the life of theconcession, of which...