NO. 48



BP to Resume Exploration in Disputed Red Sea Block

MEES learns that British Petroleum informed the Yemeni oil authorities lastweek that it has withdrawn its force majeure and will resume explorationactivity in the disputed offshore Antufash block in the Red Sea. BP had beenplanning to send an offshore rig to the northern part of the block to startdrilling in May, but decided to suspend operations after it received a letter inmid-March from the Saudi Foreign...