Clyde Petroleum Signs Deal With Petronas For Yemen Block No. 32
Clyde Petroleum has signed a farmout agreement with Petronas CarigaliOverseas, a subsidiary of the Malaysian national oil company Petronas, underwhich Petronas has acquired one third of Clyde's 38% equity interest in Yemen'sBlock No. 32 (the Howarine block). In return, Petronas will share explorationcosts with Clyde for the remaining nine months of the initial explorationperiod, during which...