VOL. XXXIX

No. 48

26-August-1996

YEMEN

Yemen Signs MOU With Amoco For Block S-1

MEES learns that the Yemeni Ministry of Petroleum and Minerals has signed a memorandum of understanding with Amoco of the US for a production sharing agreement covering Shabwa Block No. S-1. The block was relinquished by Pecten Shell in 1994 after the drilling of four wells which were described by Shell as disappointing.