won the right to explore Banco Tyra and Banco Isabel, in the outer Atlantic, each 4,000 sq km in size.
Our new Trinity MKJ Series miniature circular connector 3-D modeling tool allows us to help our customers in the design engineering community accelerate product development, making it faster for them to evaluate potential connector solutions and provide feedback to ITT.
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4 million acre concession contract to MKJ
With plans to drill for oil in Costa Rica suspended indefinitely by the Government of President Abel Pacheco, Louisiana-based petroleum company MKJ Xploration is reportedly now looking to Nicaragua as a new source for "black gold," reports The Tico Times (July 19-25, 2002):
oil companies, including MKJ Xploration, which, along with its partner company Harken Costa Rica, is currently involved in a contract dispute with the Costa Rican Government;
Over the next several months, the Company, and its 20% partner MKJ
While the latest Sala IV ruling is retroactive, Harken and MKJ
can retain their rights if they and the government can show that the process was conducted in "good faith.
Under terms of Harken's agreement with MKJ
, the concession will be assigned to an entity owned 80% by a Harken subsidiary and 20% by MKJ
A February auction for a contract to explore some 42,500 square miles of ocean bed has lured MKJ
Xplorations and Empire Energy, said the Nicaraguan Energy Institute (INE); The off-shore areas are believed to have commercial potential based on a 1999 study of the region, said Mauricio Darce, adding, "We know that there's oil, but what we want to prove is that it exists in saleable quantities";
2 million to fund its purchase of its share of the Concession rights from MKJ
once an agreement is signed with Costa Rican Ministry of Environment and Energy.
Xplorations is conducting off the Atlantic port of Moin, voicing concern that seismic testing will disturb marine wildlife along the Caribbean coast, reports The Tico Times (December 10, 1999):