NORTH YEMEN

Exxon Decides to Spud First North Amman Well; Elf Pulls Out

MEES learns from authoritative sources in Sana'a, that Exxon Corporation of the US, having completed its geological and seismic surveys of its concession in North Yemen, has decided to spud its first exploration well shortly. Exxon's production-sharing agreement, signed in May 1985 with the state-owned Yemen Oil and Mineral Corporation (Yominco), covers an area of 22,000 sq. kms. in the central plateau running...