Middle East Economic Survey


No 11



Nexen To Test Deeper Horizons In Yemens Maturing Masila Fields

Canadas Nexen is to invest approximately $70mn to drill at least 20 wells in Block 14 (Masila) in 2005 and test deeper horizons where there has been recent success, the company announced in a 1 March report on its oil and gas operations in 2004. Masila fields are maturing, and 80% of their expected reserves have been produced (MEES, 3 January). The maturing follows 10...