VOL. XL

No. 30

28-July-1997

YEMEN

Upstream Operations In Yemen

The Clyde-led consortium operating the Howarine block No.32 spudded earlier this monththe second well (Darbah No.1) with results expected shortly. A third well is to be drilledlater this year. The first well (Sabiyah No.1) was dry. The consortium's equity shares andthe partners' financial obligations have changed lately in accordance with a farm-inagreement signed last May whereby Canada's Transglobe obtained a share in the...