Middle East Economic Survey
Yemen To Offer 11 Offshore Blocks This Year, Despite Security Concerns
Yemen is preparing to launch a major offshore international licensing initiative this year, a Yemeni official tells MEES. A proposed bidding round was cancelled in 2008 due to a lack of seismic data and insufficient interest from investors. Now the government is deciding whether to relaunch the bidding process or award blocks following direct negotiations with oil firms....