yemen

TransGlobe Looks To Weather Yemeni Storms

Canadian independent TransGlobe has been rocked by the civil war that has brought production from Yemen’s key Marib Basin fields to a halt since October last year. The company’s Yemen production slid from over 4,000 b/d for 2008 – when Yemen was the company’s main focus – to 1,500 b/d for 2011. Increased instability, closing down activities on two of the four blocks where it is active, has seen production slide...