Project Profile
Value: Undisclosed
Location: Eastern section of Marib Basin
Area: 2,954 sq km
Start-up Year: -
The license covers an area of 1,141 square miles (2,954 square kilometres) in the eastern section of the Marib Basin. The acquisition is subject to the approval of Yemen\'s Ministry of Oil and Mineral Resources.
Blocks 3 was retained as Oil Search believes they contain considerable upside potential. In 2009, the Tubb’a-1 well in Block 3 discovered gas and condensate in the primary target, the fractured basement.
Operators:
Total: Operator with 40% interest
Oil search: 34% interest (after signing a sales and purchase agreement to sell its 40% interest to Total 5th March 2012)
OMV
MND E&P
Yemen General Corporation for Oil and Gas (YGC)