VOL. XLI

No. 41

12-October-1998

QATAR

QGPC Approves Extension of Pennzoil/Novus Block 8

Houston-based Pennzoil Exploration and Production Company, along withAustralian partner Novus, announced on 7 October that the Qatar General PetroleumCorporation (QGPC) has approved an application to modify their block 8 concession offshoreQatar and enter into a second exploration period on the block. Pennzoil is operator ofblock 8 with a 75% stake, while Novus has 25% interest. Before the modification, the...