VOL. XLIII

No. 51

18-December-2000

QATAR

Gulfstream Increases Share In Offshore Block 12 (Al-Rayyan) To 67.5%

Canadas Gulfstream Resources announced on 12 December that it had acquired an additional 25% share in the 1976 exploration and production-sharing agreement (EPSA) covering the offshore North Field block 12 (al-Rayyan), raising its stake to 67.5%. BP, the operator, has a 27.5% interest and the remaining 5% is held by Preussag Energei. Under the original EPSA, Arco held 27.5%, Gulfstream...