Middle East Economic Survey

VOL. L

No 7

12-Feb-2007

yemen

TransGlobe Farms Into Occidentals Block 75 In Yemen

TransGlobe on 1 February announced it had formed a joint venture with Occidental Petroleum to participate with a 25% working interest in Block 75 in Yemen. Operator Occidental was awarded Block 75 in Yemens second international bid round (MEES, 1 August 2005). The production sharing agreement (PSA) is awaiting final government approval and ratification by parliament. Block 75 covers 1,050...