VOL. XL No. 1621-April-1997


Maersk Oil To Acquire A 25% Stake InPhillips Petroleum's Oman Concession

Maersk Oil, the oil and gas unit of the Denmark's A. P. M'eller, is to acquirea 25% interest in Phillips Oman concession covering Block No. 36, which liesadjacent to the borders of Saudi Arabia and Yemen and flanks the Rub' al-Khalibasin in Saudi Arabia and the UAE. According to A. P. M覇ller's ExecutiveOfficer, Mr. Jess Soederberg, the farm-in agreement with Phillips for the18,527-sq. km....