Area Drilling

Costa RicaThe ministry signed final concession agreements Aug. 12 on blocks 2, 3, 4, and 12 covering a combined 5,634 sq km on and offshore in the North and South Limon back-arc basin along the Caribbean coast (see map, OGJ, July 13, 1998, p. 84).MKJ Xploration Inc., Metairie, La., which bid successfully for the blocks in 1997, signed an agreement under which the concession will be assigned to an entity owned 80% by a unit of Harken Energy Corp., Houston, and 20% by MKJ.The concession requires an initial investment of up to $2.9 million to fund the initial minimum work program. Harken said it has 17 months from signing to conduct a preliminary seismic evaluation and begin drilling the fir...

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