Scandoil  

Petsec Energy acquires Damis production licence


Published Feb 8, 2016
Petsec Energy Ltd

Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest) and operatorship of the Damis (Block S-1) Production Licence.

The Damis (Block S-1) Production Licence holds five sizeable oil and gas discoveries - the developed and producing, until suspended in 2014, An Nagyah oil field, and a further four undeveloped oil and gas fields within the licence area - Osaylan, An Naeem, Wadi Bayhan and Hamel.

Tags: Petsec Energy Ltd




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