France invests in Alam

09 November 2007
Gaz de France has bought a 45 per cent interest in the Alam el-Shawish West licence in the Western Desert, from Greece's Vegas Oil & Gas. Several discoveries have been made on the 1,075 kilometre-square block in the Bu Gharadig basin, and an exploration programme is under way. The deal will increase Gaz de France's reserves by an estimated 30 million barrels of oil equivalent.

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