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Gulfsands to stay a while in Syria

Published Jul 16, 2007

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Gulf Sands Petroleum and Emerald Energy have honoured their Syrian hosts and extended their stay on the prospective Block 26, where a production-sharing contract is in effect.

The terms of the first extension are now at play, with first period of exploration over.

Apart from releasing a quarter of the Block 26, operator Gulfsands must over three years survey 250 square-kilometres of desert with 3D seismic and drill two exploration wells.

The block is known for the Kurben East discovery.

 

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