Middle East Economic Survey

VOL. L

No 34

20-August-2007

yemen

Yemen Unveils Details Of Fourth Bid Round

The Yemeni government has unveiled details of its fourth bid round on its Petroleum Exploration and Production Authority (PEPA) website (www.pepa.com.ye). On offer are 11 offshore blocks and the application deadline is 8 December. Yemen is trying to raise its oil output from 350,000 b/d to 500,000 b/d, and 55 exploration wells and 87 development wells are expected to be drilled in 2007(MEES, 13...