Promotion Launched for Yemen Offshore Blocks

Monday, November 12, 2007
Oil is the key corner of the development process of Yemeni economy. The Ministry of Oil and Minerals headed by the Minister Khalid M. Bahah and the Petroleum Exploration Production Authority (PEPA) have launched a massive campaign promoting Yemens offshore oil blocks. Recently, the Ministry held a promotional conference to highlight the features of investing in Yemen and to call on investors to place their bids for the new 11 Offshore Oil blocks that are up for grabs. The blocks are located in the Red Sea, blocks 55, 22 and 23; Gulf of Aden, blocks 46, 61, 62 and 63 and Socotra basin, blocks 93, 94, 95, and 96. The conference was a success with more than 40 big oil firms attending including Shell, British Petroleum, Exxon Mobil, Oxy, Nexen, Oil Search and CCC. In addition, international oil services companies attended the presentation. Governmental representatives were there for any questions or explanations that were needed. The ministry and the representatives offered full comprehensive data covering the block profiles, including geological and geophysical data for each block as well as map and petroleum agreements and contracts. [Source: http://www.yobserver.com]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Offshore

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0933 sec (11 req/sec)