VOL. XLIV
No. 05
29-January-2001
YEMEN
Nexens Expenditure In Yemen To Reach $216Mn In 2001, MOU Signed For Block 59
Canadas Nexen Inc (formerly Canadian Occidental CanOxy) announced on 19 January that its exploration and development expenditure in Yemen in 2001 would rise by 90% to $216mn. Nexen, as operator of block 14 with a 52% stake the other stakeholders are Occidental of the US with 38% and Athens-based Consolidated Contractors Company (CCC) with 10% is Yemens biggest producer. A company...
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