No. 36



Chevron Relinquishes Offshore Block No 1

MEES learns that Chevron of the US has relinquished Qatars offshore block No 1 after drilling three dry wells. Chevron, which completed all its obligations for the first and second exploration periods, has held the concession since April 1996 as operator with a 60% share in a production-sharing agreement (PSA) with Hungarys state-owned MOL (40%). The block covers an area of 7,490 sq km and is located south of the...