VOL. XXXVII

NO. 34

23-MAY-1994

Dubai Market

Revised Sales Terms And New Wells Revive Dubai Market

After months of watching liquidity slowly evaporate, the Dubai market is nowshowing signs of new life. A combination of factors has helped to inject newvigor into this hitherto flagging market. These include: the introduction lastmonth of Conoco's new sales terms; a surprisingly large output contribution fromtwo horizontal wells which came on-stream in early April; a widening of theBrent-Dubai...