Syria has signed an MoU with the US’ ConocoPhillips and Novaterra Energy to examine the development of gas reserves in the country. Should a final contract be reached, Syria hopes the project will yield an additional 4-5mn m³/d (140-17mn cfd) of natural gas within a year of implementation, says Youssef Qablawi, CEO of the Syrian Petroleum Company (SPC).
As well as the development of existing fields, Mr Qablawi says the 18 November agreement includes exploration acreage and the planned development of an existing discovery. (CONTINUED - 674 WORDS)
