Area Drilling

10/22/2001
BahrainTexaco UK plans to begin drilling in 2002 in the Eastern Offshore Area in the Persian Gulf on Block V awarded by the Ministry of Oil.Bahrain produces 40,000 b/d from its own fields and receives 140,000 b/d from Abu Safa offshore field shared with Saudi Arabia.ChinaThe government amended its oil and gas legislation Oct. 7 to allow China Petroleum & Chemical Corp. (Sinopec) to invite foreign exploration and production companies to bid for onshore oil and gas blocks. Only China National Petroleum Corp. had that right under the previous law. The new regulation allows only CNPC and Sinopec to buy equity oil from foreign companies operating under production-sharing contracts in China. In...
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