CanadianOxy Updates Masila Block Reserves
Canadian Occidental Petroleum Ltd. announced on 12 January an 18% increase inthe estimated oil reserves of the Masila Block (Block No. 14) in southeastYemen. The CanadianOxy statement said that on 31 December 1993 total reserves ofthe Masila Block were estimated by independent petroleum engineering consultantsto be 546mn barrels. Of this amount, 317mn barrels were considered provenreserves and 229mn barrels probable...