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Article: YEMEN - Recent Exploration.
- Article from:
- APS Review Gas Market Trends
- Article date:
- June 19, 2006
CopyrightCOPYRIGHT 2006 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Despite declining output in mature fields, Yemen's goal is to raise oil output to more than 500,000 b/d. Oil exploration has accelerated since 1997, after a downturn following Yemen's civil war in 1994 (see background in Vol. 62). In July 2005, San'a' completed an upstream bidding round with the award of seven blocks, six onshore and one offshore. Companies winning blocks included Oil Search of Australia (Blocks 7 and 74), Dubai-based al-Thani (Blocks 34, 37 and 55), and Occidental Petroleum (Oxy - Block 75).
In March 2006, PEPA selected 34 firms - out of 63 companies which applied by the mid-February deadline - for its third exploration licencing round involving ...