Middle East Economic Survey
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...