INDUSTRY BRIEFS

OCCIDENTAL PETROLEUM CORP. unit Occidental Gabon (Meboun) Inc. acquired exploration rights to the 3.3 million acre Meboun Marin block, 50 miles off Gabon. Under the Meboun Marin production sharing agreement, operator Oxy will conduct a 4,000 km seismic program and drill two wells at first. It may carry out more seismic and drilling to evaluate potential. The block is just south of the 1 million acre Chaillu block in which Oxy acquired a 50% interest in May from British Gas plc.

Aug 9th, 1993
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