Middle East Economic Survey
VOL. LIII
No 5
1-Feb-2010
CASPIAN
Wintershall Surrenders Turkmenistans Block 11-12
Germanys Wintershall and partners have surrendered Turkmenistans offshore Block 11-12 license, citing its poor exploration potential. The Turkmen government awarded the block to Denmarks Maersk Oil in 2002 and Wintershall joined later as operator. ONGC Mittal, a joint venture between Indias state-owned ONGC Videsh Limited (OVL) and Mittal Investments, farmed into the block...
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