Yemen expected to reach 400,000 bpd at year end

Feb 18, 1997 01:00 AM

Feb. 3, 1997 Yemen's oil output is expected to reach 400,000 bpd by the end of this year from current production of 357,000 bpd, MEES reported.
US Hunt Oil's Jannah block would reach 50,000 bpd from the current 15,000 bpd by October through higher flows from the Hleiwa, Dahab and Nasr fields. Total SA would start operations at its East Shabwa block in November at an initial rate of 15,000 bpd. Current Yemeni output is made up of 160,000 bpd from Hunt's Marib field, 180,000 bpd at Canadian Occidental Petroleum Ltd's Masila block, 15,000 bpd from Hunt's Jannah and 2,000 bpd from Nimir petroleum's Shabwa block number 4.
Yemen's oil ministry was also revising production sharing agreements to maintain the pace of smaller field developments. "The government has informed operating companies that it is ready in principle to review separately the economic terms of their production sharing contracts if they undertake a second exploration period during the course of which small or marginal discoveries are made," MEES reported. New production sharing agreements will also provide for the inclusion of Yemeni companies -- subsidiaries of state-owned Yemen General Corporation for Oil and Gas -- with equity holdings of between 15-25 %.
Advanced negotiations were underway between the oil ministry and Amoco on a production sharing agreement for block S-1, MEES reported.

Source: not available
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