VOL. XL

No. 11

17-March-1997

YEMEN

Yemen Signs Two Production Sharing Agreements With Kerr-McGee

The Yemeni Ministry Of Petroleum and Mineral Resources signed on13 March two production sharing agreements with Kerr McGee Yemen Ltd., and the state-ownedYemen General Corporation for Oil and Gas (YGCOG) for exploration and production in twoblocks covering a total area of about 10mn acres. According to Kerr McGee, the companywill have a working interest of 87.5% in the East al-Hajar Block (Block...