Croatian firm finds commercially viable gas fields in Syria
Commercially viable natural gas fields have been discovered in Syria by Croatia's Crosco, a company official told Reuters. The company provides integrated drilling and well services in Syria to Croatia's state-owned INA-Naftaplin.
The company is currently in the process of assessing the scale of the gas reserves contained on the three drilling rigs, purchased in September 2002 from Rotary Rt., a subsidiary of MOL Oil and Gas Company of Hungary.
INA plans to commence production in 2005 and hopes to conclude a deal with Syria’s State Petroleum Company (SPC). June 1998, SPC signed a four-year oil exploration contract with Croatian Ina-Naftaplin, in eastern Syria.
Based in Zagreb, Crosco Integrated Drilling and Well Services Company Ltd. is an integrated onshore and offshore drilling and well services contractor. The company has a fleet of 51 drilling, workover, and geoservice rigs as well as one semisubmersible and one jackup. Crosco is also a 50 percent owner of Noble Crosco Drilling, which is the operator and owner of a jackup rig.— (menareport.com)
© 2002 Mena Report (www.menareport.com)
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