Yemen Signs Three Production Sharing MOU's With Canadian And European Firms
The Yemeni Ministry of Oil signed memorandums of understanding for three productionsharing deals with foreign firms last month, as follows:
A memorandum of understanding (MOU) with Transglobe Energy Corp. of Canada for the 4,484 sq. kms. Damis S1 block (see map in, MEES, 3 February 1997). The contract calls for a signature bonus of $2mn, and a commitment by Transglobe during the...