Soyuzneftegaz to sign deal to explore territorial waters

Soyuzneftegaz to sign deal to explore territorial waters

Soyuzneftegas and the Syrian Ministry for Oil will sign a contract in Damascus on December 25 to explore the shelf for oil and gas, RIA Novosti reports.

Syrian Minister for Oil and Mineral Resources Suleiman Al-Abbas said that the contract will be signed soon. The negotiations lasted 5 months. Soyuzneftegaz experts visited Syria several times during the talks.

Soyuzneftegaz received a license in 2004 to explore blocks 12 and 14. The company focused on block 12. A deal was signed for exploration and extraction of hydrocarbons. Two wells exploratory wells were made. No sufficient hydrocarbons were found at block 12.

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