1993-05-24, English, Article, Other article edition: Deals in Gulf of Suez, Western Desert; Agip, Phoenix pay signature bonuses. (International Egyptian Oil Co., Phoenix Resources Co. Ltd.) Allen, Muriel

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Bookmark: http://trove.nla.gov.au/version/110640037
Physical Description
  • Newsletter article
Published
  • The McGraw-Hill Companies, Inc., 1993 May 24
Language
  • English

Edition details

Title
  • Deals in Gulf of Suez, Western Desert; Agip, Phoenix pay signature bonuses. (International Egyptian Oil Co., Phoenix Resources Co. Ltd.)
Also Titled
  • Deals in Gulf of Suez, Western Desert; Agip, Phoenix pay signature bonuses.
Appears In
  • Platt's Oilgram News, v71, no.n100, 1993 May 24, p2(1) (ISSN: 0163-1284)
Author
  • Allen, Muriel
Published
  • The McGraw-Hill Companies, Inc., 1993 May 24
Physical Description
  • Newsletter article
Subjects
Target Audience
  • Trade
Summary
  • The International Egyptian Oil Co (Agip) has signed an amended agreement with the Egyptian government that extends the leases on its Gulf of Suez properties. The agreement also allows for $20 million in signature bonuses. The leases are now all due to end on the same date, thus the extension periods vary. In addition, the Egyptian General Petroleum Corp has signed a Western Desert exploration contract with Phoenix Resources of the US. The contract calls for the drilling of five wells and the payment of a $300,000 signature bonus.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 13168533

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