VOL. XLI

No. 36

7-September-1998

YEMEN

First Calgary Petroleums Farms Out 70% Interest In Block 43 To Ocean Energy

Canada's First Calgary Petroleums Ltd. (FCP) - announced on 2 September that it hasentered into a farm-out agreement with a subsidiary of Ocean Energy Inc. of Houston forYemen's block No. 43 (the 2,717-sq. km. South Howarine block - for location, see map in MEES,23 February). FCP signed on 7 January of this year a production sharing agreement(PSA) for a 100% interest in the block,...