No. 13



BP Amoco Amends Terms For Merged Concessions In Gulf Of Suez

BP Amoco announced on 18 March that it has renegotiated theterms for its merged concessions in the Gulf of Suez and that, in exchange formore favorable economic terms, it has agreed to invest about $450mn over thenext six years to help slow the rate of decline in production in recent years.The original production sharing agreement, signed in February 1976, mergedAmoco痴 and EGPC痴 concessions in the...