VOL. XL No. 185-May-1997

UAE

'Ajman Awards Atlantis/Scimitar E&PConcession

The UAE emirate of 'Ajman has granted Norway's Atlantis Technology Services 'Ajman(70%) and a unit of Canada's Scimitar Hydrocarbons Corporation (30%) aconcession to rehabilitate and workover two onshore wells and carry out 3Dseismic work to further delineate two offshore prospects. Under the terms of theconcession agreement the two companies will pay a $1mn bonus to the Governmentof 'Ajman and will spend $4mn on...