Middle East Economic Survey

VOL. L

No 50

10-December-2007

YEMEN

Total Farms Into Yemens Blocks 69 And 71 With Sinopec

Total announced on 5 December that it had signed an agreement with Sinopec to farm into two onshore exploration blocks (Block 69 and Block 71) in Yemen with an interest of 40%. Block 69 (1,333 sq km) is in the Marib Basin while Block 71 (1,800 sq km) is in the Masilah Basin. Following the farm-in, Total has a 40% interest in the blocks, alongside Sinopec (45.5%, operator), YOGC...