Lasmo-Led Consortium Acquires Hadhramaut Block
The Yemeni Government on 28 January signed a production sharing agreementwith a consortium led by the UK's London and Scottish Marine Oil (Lasmo) Plccovering a 7,395-sq. km. block in central Hadhramaut. The consortium is composedof Lasmo (33%, operator), British Gas (30%), Idemitsu Kosan (15%), Coplex ofAustralia (12%), and the private Yemeni venture Hoodoil (10%). The area - knownas the Hood block - is located...