Vol 3, PW 3 (03 Mar 99) News in Brief

On 19 February, Assam Oil Company, and two Canadian companies (Centurian Energy and Canaro Resources) signed a PSC for the AA-ON/7 exploration concession in Assam with the Indian government.

AA-ON/7 was awarded from the 8th round which closed in December 1994. It was one of 18 PSCs approved for signing in June last year but could not be signed then because Assam Oils original partner, Medallion Oil, pulled out and a new consortium formed.