Gulf Oil and Gas accountACCOUNT

Groundstar Completes Negotiations And Receives Ministerial Approval For Two Blocks In Syria

Source: www.gulfoilandgas.com 4/24/2008, Location: Middle East

Share |
Groundstar Resources Limited announced that the Company has successfully completed negotiations with the Syrian Petroleum Company for the Contracts for the exploration, development and production of petroleum for Blocks XIV and XVI. The Contracts have been signed between Groundstar and representatives of the Syrian Petroleum Company and endorsed by the Minister of Petroleum and Mineral Resources representing the Government of the Syrian Arab Republic.

Groundstar is the operator and retains a 100% working interest in both blocks that total approximately 3.35 million acres. The initial exploration period is four years from the time the Contracts are ratified by the Syrian Parliament. The Company has begun the data collection process in order to undertake a reinterpretation of the available subsurface data on the blocks. Following identification of potential leads and areas of interest, a new seismic program will be acquired.

The progress of Groundstar's exploration activity in Syria and its relationship with the Syrian Petroleum Company has been very good at a time when an up-swing in drilling and field development is occurring in the country in which prominent Canadian exploration and production companies are playing a significant role. The Company looks forward to increasing its participation in Syria through a possible development and/or enhanced oil recovery project.

Exploration News in Syria >>

Niger >>  8/15/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...
United Kingdom >>  8/13/2018 - As part of the 31st Offshore Licensing Round, the Oil and Gas Authority offered companies the opportunity to propose additional blocks in more mature ...

Norway >>  8/8/2018 - Norway's Petroleum Safety Authority has given Faroe Petroleum consent to drill exploration well 30/6-30 in production licence PL 825. The well will te...
Norway >>  8/8/2018 - A/S Norske Shell, operator of production licence 832, has concluded the drilling of wildcat well 6304/3-1. The well is dry. The well was drilled in th...

Mozambique >>  8/7/2018 - Mozambique’s government on Tuesday approved contracts giving exclusive rights to energy companies to act on concessions awarded to them to explore for...
Indonesia >>  8/3/2018 - Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has been informed by Conrad, its partne...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Syria Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Syria >>

More News

 

Oil & Gas Companies in Syria >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.