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Arco Dubai to Drill New Exploration Well

Arco Dubai, a subsidiary of Atlantic Richfield Company of the US, will nextmonth drill an exploration well in the al-Owair area of its onshore Dubaiconcession. The well, to be known as al-Owair 1, is located near the Dubai toHatta road, and will have a target depth of 10,000-12,000 ft. in order to testin the Triassic formations. Arco recently completed a 230-km. seismic survey onits Dubai concession and reprocessed...