VOL. XL

No. 45

10-November-1997

UAE

Crescent Petroleum/Atlantis Awarded Concession In Sharjah

The Ruler of the UAE emirate of Sharjah, Shaikh Sultan bin Muhammad al-Qasimi, hasawarded Crescent Petroleum International and Norway's Atlantis Holding a 30-yearconcession for oil and gas exploration and development covering 1,018 sq. ms. of Sharjah'sterritorial waters and continental shelf. The agreement was signed on 4 November by Mr.Hamid Jafar for Crescent and Mr. David Wilson for Atlantis....