Novatek Acquires 50% in the El-Arish Block Offshore Egypt

  • Novatek Acquires 50% in the El-Arish Block Offshore Egypt

    Novatek Acquires 50% in the El-Arish Block Offshore Egypt

    Sunday, 30th September 2007
    OAO Novatek has acquired a 50% working interest in the concession agreement for oil and gas exploration and development at the El-Arish offshore block in Egypt from Tharwa Petroleum S.A.E. Tharwa Petroleum S.A.E. holds the remaining 50% working interest.