VOL. XLII

No 47

22-November-1999

EGYPT

Marathon Sells Another Concession In Egypt

Calgary-based Centurion Energy announced on 16 November thatit has acquired Marathon Oil痴 60% stake in the El Manzala concession in Egypt,making the Canadian company the 100% owner and operator of the concession. Theagreement awaits government approval. Centurion also announced that it ispreparing to submit a plan for the development of the El Wastani and Abu Monkerdiscoveries in the onshore El Manzala concession,...