Middle East Economic Survey

VOL. L

No 28

16-July-2007

YEMEN

DNO Acquires Majority Stake In Block 52

Norways DNO on 9 July announced that it had acquired a 57.78% participating interest as operator in Block 52 in the Sayun-Masila Basin in Yemen. The farm-in agreement is based on a work program commitment consisting of seismic data acquisition and the drilling of exploration wells, said DNO. Following the farm-in, the license partners in Block 52 consist of DNO (57.78%), Ansan Wifks (22.22%) and The...