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Yemen Times (Sana'a, Yemen)
Article date:
April 26, 2009
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- Total farms into Block 70 with KNOC

TOTAL announces the signature of an agreement with Korea National Oil Corporation (KNOC) to farm into onshore exploration block 70 (Attaq Area, Shabwa Governorate) in Yemen with an interest of 30.875%. This agreement has been approved by the Yemeni Ministry of Oil and Minerals.

Block 70, which covers an area of 1,367 square kilometres, is located in the south-eastern part of Central Yemen's Marib Basin. Following the farm-in, Total has a 30.875% interest in the block, alongside KNOC (30.875%, operator), Samsung Corporation (19%), Daesung Industrial Co. Ltd. (14.25%) and Yemen General Corporation for Oil and Gas (5%). ...

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