Bula Resources Signs MOU For PSA Covering Yemen Blocks 6 And 35
The Dublin-based Bula Resources (Jersey) Ltd. has signed a Memorandum of Understanding(MOU) with the Yemeni Ministry of Petroleum Resources for the conclusion of a productionsharing agreement covering blocks Nos. 6 and 35. The Irish firm said in a statement thatthe agreement should be concluded within a period of three months. Block No. 6 (the 3,233sq.-km Iryam block) lies northeast of Jannah block...