London-based Electro Silica has been awarded the exclusive rights for seismic exploration in Western Mongolia, which it said contains up to six billion barrels of hydrocarbons according to the Petroleum Authority of Mongolia (PAM). Electro Silica will have a share of 50% in the project involving an area of 322,000 sq km. The first investment…
MONGOLIA: UK’s Electro Silica to drill for oil in Mongolia
Posted on November 22, 2002 by EnergyAsia