VOL. XL

No. 18

5-May-1997

OMAN

Transworld Exits Omani Upstream After AcreageExpiration And Sale Of Bukha Concession

Now that licenses on the last three explorationblocks controlled by Transworld have reverted to the government and the sale of the company's 50% stake in the Bukhaoffshore concession to a Korean group has been finalized, it would seem that Transworldand its president Mr. John Deuss have truly exited Oman. The upstream departures are the latest ina string of divestitures which began...