VOL XL
No. 03
20-January-1997
IRAN/OMAN
Iran And Oman Reach Agreement On Division Of SharedHormuz Area Field
Iran and Oman have at last agreed a unitizationarrangement for the Hengam E/West Bukha structure located offshore in the Strait ofHormuz. The agreement follows a nearly two-year old decision to proceed with jointdevelopment of the shared gas/condensate field (MEES, 13 February 1995). Accordingto senior NIOC officials, the two sides have agreed to share the field on the basis of an80-20...
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