VOL. XLIII

No. 20

15-May-2000

YEMEN

Yemen Signs PSA Agreement For Offshore Block 15

Yemens Ministry of Petroleum and Mineral Resources on 6 September signed a production-sharing agreement (PSA) with Australias Oil Search Ltd and the UAEs Mohammad al-Otaiba Group covering oil exploration in the 13,040 sq km Mukalla block 15 off the coast of the Hadhramaut governorate (see map in MEES, 31 May 1999). The agreement awaits parliamentary approval. Yemen and the two companies signed an MOU last...