Gulfsands Petroleum plc is an independent oil and gas exploration, development, and production company. The Company has development and exploration projects in the Syrian Arab Republic and the United States (offshore Gulf of Mexico and onshore Gulf Coast). The Company has also signed a memorandum of understanding relating to a project in Iraq. Gulfsands owns a 50% working interest in, and is the operator of, Block 26 in north-east Syria under a production sharing contract (PSC). Gulfsands mainly operates in Syria and United States. In the USA Gulf of Mexico, Gulfsands owns interests in 44 blocks comprising approximately 138,000 gross acres in shallow water offshore Texas and Louisiana, which include 30 producing oil and gas fields.