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DNO International to negotiate PSA for Block 48, Yemen


Published Oct 5, 2010
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DNO ASA provides Middle-East exploration drilling update-Spotlight

DNO International ASA reports that the company has signed a Memorandum of Understanding (MoU) which gives them exclusive rights to negotiate a Production Sharing Agreement (PSA) for Block 48. Negotiations aimed at finalizing a PSA for Block 48 between the Company and Yemen authorities will be initiated.

Furthermore, and with reference the previous reports of the entry of Total Exploration E&P Yemen into Block 72, this has now been approved by the Yemen authorities.

Tags: DNO International



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