Yemen Signs PSA With Preussag For Uqlah Block No. S2; Nine PSAs Finalized So Far In1997
The Yemen Ministry of Petroleum and Mineral Resources signed on 22 October a productionsharing agreement (PSA) with the German firm Preussag covering the 2,800 sq.-km. Shabwablock No. S2 (the Uqlah Block), which was previously relinquished by Occidental (forlocation and map, see MEES, 3 February). The Ministry signed an MOU with Preussaglast April covering the award of...