VOL. XLII

No. 25

21-June-1999

IRAN

Foreign Consortium Identifies Exploration Blocks Under FirstStage Of Caspian Study Deal

Partners Royal Dutch/Shell and Lasmo announced last weekthat they had completed a six-month program to identify prospective acreage inwaters claimed by Iran in the Caspian Sea. Block selection in this so-calledpriority area is required under a two-part exploration study agreement signedwith the National Iranian Oil Company (NIOC) last December. Seismic work hasalready been...