Western Geophysical to Promote Yemeni Lease Blocks for Oil and Gas Exploration

Western Geophysical has signed an agreement with the Yemeni Ministry of Oil and Mineral Resources to promote five onshore and two offshore open lease blocks.

"This agreement is a new step towards promoting areas of Yemen with hydrocarbon potential and to encourage international oil companies to invest in Yemen," said Dr. Rasheed S. Baraba, Deputy Minister of Oil and Energy for Yemen and Eng. Nabil S. Al-Gawsi, Deputy Chairman of the Petroleum Exploration and Production Board.

The agreement covers blocks 6,7, and 8 in the Shabwa province, blocks 25, 26, and 27 in the Al-Hodidah province, and block 38 in Socotra, offshore Arabian Sea. During the two-year agreement period, Western Geophysical will hold two international promotional conferences in London and Houston.