Exploration Shows Signs Of Revival In Yemen
By Nader Itayim
Yemeni oil exploration has been given a boost with news of interest in its recently offered onshore and offshore blocks. Austria’s OMV meanwhile has expanded its Yemeni portfolio with the signing of a production sharing agreement (PSA) for Block 86.
Despite the country’s ever worsening security situation, Yemen announced it has been in contact with a number of small-cap local...