VOL. XXXVII

NO. 9

29-NOVEMBER-1993

Egypt

EGPC ApprovesAmoco's Bid For Gulf Of Suez Tract

Reports from Cairoindicate that the Egyptian General Petroleum Corporation (EGPC) has approved theoffer submitted by Amoco for an 820-sq. km. tract located north and south ofthe company's October field in the Gulf of Suez. The offer reportedly providesfor the expenditure of $21mn on exploration including the drilling of five wellsover a period of eight years, to be undertaken as follows: $8mn and one well inan...