Middle East Economic Survey

VOL. XLVIII

No 24

13-June-2005

yemen

Calvalley Declares Commerciality In Block 9

Canadas Calvalley Petroleum on 3 June announced that it has made commercial discoveries of oil at Hiswah, al-Roidhat, Auqban and Qarn Qaymah in Yemens Block 9. As a result, and in accordance with the companys Production Sharing Agreement (PSA) with Yemen, Calvalley and its partners Indias Reliance Industries and Yemens Hood Oil have requested conversion of a substantial part of Block 9...