Phillips Petroleum International Exploration Inc. signed a technical cooperation agreement with South Africa National Oil Co., gaining exclusive rights to assess oil and gas potential on Blocks 17 and 18 covering 15 million acres in the Indian Ocean off South Africa (see map, OGJ, Dec. 5, 1994, p. 34). During the 8 month agreement term, Phillips will reprocess and reevaluate all existing geophysical and geochemical borehole data with a view toward applying for exploration rights to the acreage.
Hunt Oil Co. Apr. 1 will spud a wildcat in French waters of the English Channel to test a prospect on trend with the U.K.'s producing Wytch Farm oil field. The $6 million 2 Po...