Chevron Signs Production Sharing Agreement With Bahrain For Three Offshore Blocks
Chevron of the US signed on 24 February a production sharing agreement with Bahraincovering three offshore exploration blocks, Nos. 1, 2, and 3 with a total area of 5,900sq. kms. which are believed to hold a number of promising oil prospects. Block No. 1 islocated offshore north of the island and Blocks Nos. 2 and 3 lie to the west. Theagreement was signed by the Bahrain...