No. 22



Dry Hole In Offshore Ras Al-Khaimah

The Ras al-Khaimah Oil and Gas Company said last week that it has failed to discoverany hydrocarbons at its offshore exploration well Aman-1 which was spudded on 18 February.The well was drilled to a depth of 17,580 feet by Reading and Bates of US. The Governmentof the UAE emirate of Ras al-Khaimah in January 1996 awarded Ras al-Khaimah Oil and Gas anoil and gas exploration and production permit covering all onshore and...