BRITISH COMPANY PREPARING FOR EXPLORATION IN U.S.S.R.; MORE ACREAGE TO BE OPENED
Another western company is poised for exploration and development in the Soviet Union. And the Soviets say more deals are on the way as additional acreage becomes available. In the latest trade, Easternoil Services Ltd., Surrey, England, and two Kazakh S.S.R. oil and gas organizations signed a protocol to form a joint venture to jointly develop oil and gas in four license areas covering 33,360 sq km in the Caspian depression of Uralskaya Oblast, Kazakhstan.