NO. 16


North/South Yemen

Terms of Production Sharing Agreement for Joint Yemen Acreage

The main terms of the heads of agreement of the production sharing deal to befinalized between the Yemen Company for Investment in Oil and MineralResources (YCIOMR) and a consortium comprising Hunt Oil and Exxon, CFP-Total,the Kuwait Foreign Petroleum Exploration Company (KUFPEC), and the Soviet firmsMachinoexport and Zarughgeologia - covering the 2,100 sq.-km. joint border area...