Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

YEMEN

Calvalley Proceeds With Yemen Block 9 2nd Exploration Period

Canadas Calvalley Petroleum announced on 27 October that it had received approval from the Yemeni Government to proceed with the second exploration period in Block 9 which will run until 4 March 2008. Calvalley is operator with a 50% stake, while Indias Reliance Industries and Yemens Hoodoil hold 25% each. The Canadian firm received approval to start drilling in the first...