VOL. XL

No. 40

6-October-1997

ERITREA

Anadarko Expands Exploration Acreage In Eritrea's Red Sea Territory

Anadarko Petroleum Corp. of the US announced on 26 September that it had signed aproduction sharing agreement with Eritrea's Ministry of Energy and Mines for an additional2.3mn acres in Eritrea's offshore Red Sea territory. Known as the Edd Block, the acreageis located immediately south of Andarko's Zula Block, a 6.7mn acre offshore permit signedin September 1995. The new agreement gives...