VOL. XXXVII

NO. 30

25-APRIL-1994

Egypt

CanadianOxy Acquires 90% Interest In Magawish Block

Canadian Occidental Petroleum Limited (CanadianOxy) announced in Calgary on21 April that it has acquired a 90% working interest in the 7,000-acre(28.33-sq. km.) Magawish Block in the Gulf of Suez. The announcement, whichnoted that the acquisition and the development plan have been approved by theEgyptian authorities, said:

"The Magawish Block contains the undeveloped Esh El Mellaha Marine oilfield which was...