Project Profile
Value: Undisclosed
Location: Masila-Seiyun Basin, adjacent to Block 14, Yemen
Area: 731 km2
Start-up Year: -
DNO International ASA has been selected by the Ministry of Oil and Minerals of the Republic of Yemen as successful bidder for onshore Block 84 DNO Yemen AS has been awarded a 59.5% participating interest (70% paying interest) and operatorship of Block 84, joining Turkey\'s Dogan Enerji Yatirimlari Sanayi ve Ticaret A.S. with a 25.5% participating interest (30% paying interest) and Yemen Oil and Gas Corporation, a state company, with a 15% participating interest.
The partners will acquire new 3D seismic and drill two exploration wells during the first exploration period. Block 84 onshore Yemen covers a surface area of 731 km2 and is located in the Masila-Seiyun Basin, adjacent to Block 14 where more than one billion barrels of oil have been discovered. The award of Block 84 is subject to customary government approvals and ratification of a Production Sharing Agreement.
Operators:
DNO Yemen AS: Operator with 59.5 % interest
Dogan Enerji Yatirimlari Sanayi ve Ticaret A.S.: 25.5% interest
Yemen Oil and Gas Corporation: 15% interest