Middle East Economic Survey

VOL. LI

No 13

31-March-2008

YEMEN

Yemeni Government Ratifies Blocks 7 And 74 PSAs With Oil Search

The Yemeni government has ratified the production-sharing agreements (PSAs) on two onshore blocks (Block 7 and Block 74) awarded last year to a consortium led by Australias Oil Search, ARC Energy announced on 25 March. The blocks, in the Masila basin, were awarded in the 2005 international bid round (MEES, 23 April 2007). The work program for both blocks...