Yemen’s Petroleum Exploration and Production Authority (PEPA) has said possible new gas reserves, concentrated in the country’s central and eastern provinces, could total up 70 tcf in seven licenses. The announcement comes as Yemen looks to attract foreign oil and gas companies to participate in domestic hydrocarbon exploration to help restore the country’s declining oil and gas industry.
Speaking on 28 January, PEPA general manager for exploration ‘Adil al-Hazmi said a recent study carried out by the technical advisory body to the Ministry of Oil and Gas indicated possible gas reserves had been identified in blocks S1, 3, 13, 20, 33, 48 and 71. The results of the study are currently under evaluation, he was quoted as saying by the local press, adding: “They seem to have good prospects.” (CONTINUED - 296 WORDS)
