VOL. XLV

No 2

14-January-2002

YEMEN

Nexen Says Production Target ForMasila Block 14 In 2002 Is 230,000 B/D

Canada痴 Nexen (formerly CanOxy)says that production from Yemen痴 Block 14 (Masila) is expected to rise in 2002to around 230,000 b/d, up from the current figure of around 217,000 b/d (MEES, 3 December 2001), with operatingcosts around $1/B. Nexen, with a 52% stake, is operator, while the otherstakeholders are Occidental Petroleum of the US (38%) and Athens-based ConsolidatedContractors...