Petsec Energy Ltd. has established a new branch office in Dubai, United Arab Emirates (UAE) by its wholly owned subsidiary company Petsec Energy (Middle Eastern) Limited.

The office will support the Company's operational expansion in the Middle Eastern and North African (MENA) region.

The Company's first acquisition in MENA is an interest in Block 7, Al Barqa Permit, in the Republic of Yemen, which includes the undeveloped Al Meashar oil discovery and a material prospect and lead inventory.

Commenting on the new office, Terry Fern, chairman and managing director said: "The Dubai office provides a central location in the MENA region and will be the locus for the implementation of the Company's strategy to build a significant business in the MENA region."

Tags: Petsec Energy Ltd