VOL. XXXVI

NO. 31

3-MAY-1993

BAHRAIN

Bass Released From Obligation To Drill Third Bahrain Well; Harken WillContinue Seismic Work On Offshore Block 1

Under a recent agreement, the US firm Bass has been released from anobligation to drill a third offshore exploration well in Bahrain on behalf ofHarken Energy. In return, Bass will pay Harken $2mn in cash, plus additionalconsiderations. Bass had previously drilled two wildcats on behalf of Harken inthe latter's offshore Bahrain acreage, both of which...