PA Signs Exploration Agreement With BG For Offshore Gaza
The Palestine Authority (PA) signed an agreement with BGInternational on 9 November in London for an offshore exploration license. Theagreement, signed by PA Chairman Yasir 'Arafat and the first ever to be awardedby the PA, will be conducted in three phases. Phase I will involve theacquisition of seismic data and offshore exploration drilling as soon as istechnically feasible. At least two...