Yemen has announced that it is to put 15 new oil blocks on offer, after what it described as “strong interest” from international oil companies in its embattled oil sector, state-news agency SABA reported. This comes just days after the country released a shortlist of companies prequalified to submit proposals for five blocks it offered in September last year.
On offer are five onshore licenses – Blocks 12, 54, 79, 80 and 88; and 10 offshore licenses – Blocks 16, 22, 23, 55, 61, 62, 92, 93, 94 and 95; which are distributed across seven basins. Interested companies have until 20 April to submit applications for the licenses. (CONTINUED - 395 WORDS)
