Middle East Economic Survey
VOL. XLVIII
No 11
14-March-2005
YEMEN
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...
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