VOL. XLI

No. 12

23-March-1998

JORDAN

Union Texas To Postpone Drilling In Jordan Due To Weak Oil Prices

Union Texas Petroleum Holdings Inc. of the US, which holds a 50% interest with AnadarkoPetroleum Corporation (operator) in the production sharing agreement covering the Safawiblock in northeast Jordan (MEES, 12 May and 14 July 1997), announced on 16 Marchthat the partners plan to delay the drilling of a second well in the block until 1999because of the recent collapse in world oil prices....