VOL. XLI
No. 34
24-August-1998
IRAN
Bow Valley Brings In UK's Premier As Majority Partner In Balal Oilfield DevelopmentProject
Canada's Bow Valley Energy announced last week that it had found a company to replaceIndonesia's Bakrie Minarak Petroleum in a project to develop the 40,000 b/d Balal oilfieldin Iran's offshore sector. The new partner, Premier Oil of the United Kingdom, is to takea majority stake in the venture in return for funding nearly all of the capital costs ofthe development...
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