UK-based Gulfsands Petroleum, which exploited its deep ties to the Syrian regime before the start of the civil war to secure a foothold in the country’s upstream sector, says that it has not received any significant revenues – from any source whatsoever – since declaring force majeure at its Syria operations, Gulfsands’ only producing asset, in December 2011.
Gulfsands’ working interest from its Syria operations totaled about 8,500 b/d in 2011, down from 10,300 b/d in 2010. (CONTINUED - 984 WORDS)
