Definitions for "Arakis"
Arakis Energy Corporation, an oil exploration company listed on the Vancouver (Canada) Stock Exchange (VSE). Arakis acquired part of the Chevron concession in Blocks 1, 2, and 4 in the Muglad Basin in Sudan in 1992. In 1997 it formed and led a consortium, the Greater Nile Petroleum Operating Company (GNPOC), to develop and produce oil in those blocks; it was acquired in a friendly merger by Talisman Energy Inc. in October 1998.