Yemen Approves New Terms For Block 32 PSA
Calgary-based TransGlobe Energy Corporation announced lastmonth that terms for block 32 in Yemen have been amended. The new productionsharing terms for block 32 (Howarine) provide 72% of the oil to the partners,as compared to 38% under the original agreement. Norways DNO ASA (operator,20%) has completed drilling of the Tasour West 1 (TW-1) well, the third well inthe current appraisal program in the block. The well is...