Japan National Oil Corp. to explore in Yemen

Sep 30, 1998 02:00 AM

Yemen's ministry of oil and mineral resources has signed an exploration agreement with state-run Japan National Oil Corp. for 5 blocks in frontier exploration areas.
The deal with JNOC, which was finalised 3 months ago, is for a one-year study of areas in the central part of the country for which data are unreliable, said Tawfik Noaman M Al-Nabhani, special technical advisor to the chairman of the ministry's consultative bureau.
He said that Japanese companies would get first crack at bidding on blocks for 2 to 3 months after the study is completed. After that, the ministry will open the process fully.
Separately, Al-Nabhani said that the ministry is also in negotiations with Western Atlas Co. for a difference study of 7 blocks in the same area. He said the study related to the data base and said it would have no impact in concession discussions.

Source: not available
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