VOL. XLV

No 4

28-January-2002

YEMEN

Occidental Signs MOU ForConcessions In Blocks 57/58

Occidental Petroleum of the US andtwo Saudi-registered companies on 20 January signed a memorandum ofunderstanding (MOU) with Yemens Ministry of Oil and Minerals for Blocks 57 and58 (al-Rayan and Showkat al-Kharidah for map and list of blocks in Yemen, seeMEES, 3 December 2001). Under the terms of the MOU, in Block 57 theOccidental-led consortium is to shoot 2,000km of 2D seismic and 400 sq km of3D, drill at...