EXPLORATION DUE OFF SOUTHERN MALTA

Malta, with no hydrocarbon production, is poised for more exploration. Amoco Mediterranean Petroleum Co., Agip International BV, and the government of Malta have signed a production sharing contract covering 837,700 acres about 60 miles off the country's southern coast, The contract covers Blocks 3 and 4 in License Area 4 and calls for seismic acquisition and drilling at least one well during the next 3 years. Amoco is operator of the contract area with 60% working interest, and Agip

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