Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/total-acquires-an-interest-in-the-block-72-yemen.shtmlTotal acquires an interest in the Block 72, Yemen
Total has acquired a 36% interest in the Block 72 production sharing agreement in Yemen. Operated by DNO Yemen AS (DNO), the 1,821-square-kilometre license
Total has acquired a 36% interest in the Block 72 production sharing agreement in Yemen. Operated by DNO Yemen AS (DNO), the 1,821-square-kilometre license is located in the southern part of the Masila Basin. The acquisition is subject to the approval of Yemen’s Ministry of Oil and Mineral Resources.
Total and the original partners — DNO, TG Holdings Yemen Inc., Ansan Wikfs (Hadramaut) Limited and The Yemen Company (TYC) — plan to drill an exploration well in the fourth quarter of this year.
With this acquisition, Total pursues its exploration and production activities in Yemen, in high-potential geological basins that offer a close fit with existing projects.