NO. 44



BP Signs for Two Blocks in Shabwa Basin

MEES understands that the Yemeni Ministry of Oil and Mineral Resources hassigned a heads of agreement with British Petroleum for two production sharingblocks in the Shabwa acreage. Last June Crescent Petroleum of Sharjah concludeda heads of agreement for two blocks (Nos. 2 and 9), while Chevron of the USsigned early in July for another block. Meanwhile, MEES also learns that noaward was given to Phillips of the US and...