VOL. XL No. 185-May-1997


Tullow/Cabre Farm Out Part Of North Abu RudeisConcession To Shell

Tullow Oil of Ireland and Cabre Exploration of Canada have concludedarrangements, subject to Egyptian Government approval, to farm out part of theirinterests in the 250-sq. km. North Abu Rudeis concession, located onshore on theeast coast of the Gulf of Suez, to Shell, according to an announcement by Tullowin London on 1 May. Tullow previously owned a 60% interest in the block, withCabre holding the...