Syria Extends Deadline For 8 Onshore Blocks To Dec - Ministry
September 06 2010 - 4:16AM
Dow Jones News
The Syrian government has extended the deadline for the bid
round for eight onshore blocks to Dec. 8 from Sept. 15, the Syrian
oil ministry said on its Website.
The ministry's announcement, signed by Oil Minister Sufian Alaw,
said the extension was made following a meeting with
representatives of international companies in August when they
"asked for more time to prepare their bids."
The ministry is offering production-sharing contracts to explore
blocks 3, 4, 5, 7, 12, 14, 16 and 18, located mostly on the eastern
and northern parts of the country with a total area of 74,000
square kilometers. The bid round was launched in April.
Syria aims to boost its crude oil production, which has declined
from 590,000 barrels a day in 2006 to 380,000 barrels a day
currently. Its natural gas production stands at 25 million cubic
meters a day.
International oil companies such as Royal Dutch Shell PLC
(RDSA), Total S.A. (TOT), and China National Petroleum Corp.,
U.K.-incorporated energy company Gulfsands Petroleum PLC (GPX.LN),
Russia's Tatneft (TATN.RS) and India's ONGC Videsh are already
working on oil and gas projects in the country.
-By Hassan Hafidh, Dow Jones Newswires; +962 799 831 831;
hassan.hafidh@dowjones.com
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