VOL. XL

No. 35

1-September-1997

YEMEN

Yemen Signs MOU With Canada's Transglobe For E&P Deal Covering Block S1

The Yemeni Ministry of Oil and Mineral Resources has signed a Memorandum ofUnderstanding (MOU) with the Calgary-based Transglobe Energy Corporation which is to befollowed by the conclusion of an exploration and production sharing agreement (E&P)covering the 4,484-sq. km. block No. S1 (the Damis Block) in the Shabwa region of centralYemen. The block is located adjacent to and...