No 40



Texaco And Petronas Win Blocks 4,5 And 6 Exploration Rights

The Bahrain Government on 23September announced that it had granted Texaco of the US and MalaysiasPetronas the right to carry out offshore oil and gas exploration work. MEESlearns that Texaco has been awarded Block 5, while Blocks 4 and 6 have beenassigned to Petronas. All three exploration blocks were created in theaftermath of the ruling by the International Court of Justice (ICJ) in TheHague last...