No. 7



Amoco Makes New Gas Discovery In North Sinai Permit

Amoco announced on 13 February that it has made a significant gas discovery in its North Sinai concession in Egypt's Mediterranean offshore. The discovery well, Tao-1, located 56 kms. offshore, tested at a rate of 37.9mn cu. ft./d of gas. Amoco Egypt President and General Manager Bob Sheppard said that the new discovery was further convincing evidence of the importance of Egypt's Nile Delta and Mediterranean...