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BP Signs for Three Exploration Blocks in Yemen

The Yemeni Ministry of Petroleum and Minerals signed on 20 October with BPPetroleum Development Ltd. a production sharing agreement covering three blocksin the Yemen - two onshore in the Shabwa basin and one offshore in the Red Seanorth of the port of Hodeida. Each of the two onshore blocks, Nos. 7 and 8,named al-Barqa and Asakir respectively, covers an area of approximately 47,000sq. kms., while the offshore...