Acquisitions and Divestitures News in Yemen

Petsec Energy Announces Yemen Block 7 Acquisition and Operatorship
3/19/2018 - Petsec Energy has completed the transaction with Oil Search to acquire all of the shares of its subsidiary Oil Search (ROY) Limited which holds a 40% working interest (34% participating interest) in t...
Petsec Acquires KUFPEC's Interest in Block 7, Yemen
11/15/2016 - Petsec Energy has executed an agreement with KUFPEC to acquire their 25% working interest in Block 7, Al Barqa Permit, in the Republic of Yemen. ...
Petsec Energy Acquires 100% Stake in Damis (Block S-1)
2/5/2016 - Australia’s Petsec Energy has advised a further significant expansion of its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating int...
Petsec Completes Acquisition of 29.75% in Block 7
9/30/2015 - Petsec Energy has completed the acquisition of both the Mitsui E&P Middle East (8.5%) and AWE Limited (21.25%) Participating Interests in the Block 7, Al Barqa Permit, in the Republic of Yemen – combi...
Petsec Energy Acquires Oil Search Interest in Yemen Block 7
4/17/2015 - Petsec Energy has executed an agreement with Oil Search to acquire all the shares of its subsidiary Oil Search (ROY) Limited which holds a 34% participating interest in Block 7, Al Barqa Permit, in th...
Petsec Energy Increases Interest in Yemen Block 7
5/30/2014 - Petsec Energy has executed an agreement with Mitsui E&P Middle East to acquire its 8.5% Participating Interest in the Block 7, Al Barq a Permit, in the Republic of Yemen. The Mitsui agreement follows ...
Otis Energy Ends Block 7 Farm out Negotiations with Mitsui
5/22/2014 - During the second quarter 2013 Otis Energy Limited entered into an agreement with Mitsui E&P Middle East B.V. in relation to the acquisition of an 8.5% working interest (10% paying interest) in Block ...
Otis Energy to Get Acquisition of Block 7 Stake from Mitsui
4/28/2014 - During the second quarter 2013 Otis Energy Limited entered into an agreement with Mitsui E&P Middle East B.V. in relation to the acquisition of an 8.5% working interest (10% paying interest) in Block ...
Petsec Energy Acquires AWE's Block 7 Interest in Yemen
3/28/2014 - Petsec Energy has executed an agreement with a wholly-owned subsidiary of AWE Limited to acquire its 21.25% Participating Interest in the Block 7, Al Barqa Permit, in the Republic of Yemen. ...
Otis Energy Signs Agreement with Mitsui E&P
5/28/2013 - Otis Energy Limited is pleased to announce that it has signed an Agreement with Mitsui E & P Middle East B.V. in relation to its 8.5% Working Interest (10% paying interest) in the Block 7 Permit in Ye...
Completion of Sale of Interest in Yemen's Block 3
12/31/2012 - Oil Search is pleased to report that it has completed the sale of its 40% interest in Block 3 (Gardan) in Yemen to Total S.A. of France, for a consideration of US$44 million. As a part of this transac...
Reliance Divests Yemen Block-9 to Medco
12/5/2012 - Reliance Exploration and Production DMCC, a wholly owned subsidiary of Reliance Industries Ltd. (RIL), has signed the completion documents for divestment of its 25 percent Working Interest in the Prod...
Medco Acquires Interest in Block 9 (Malik) in Yemen
8/8/2012 - Medco Energi has signed a Sale and Purchase Agreement (SPA) with Reliance Exploration & Production DMCC (REPDMCC) to acquire 25% participating interest in Block 9 (Malik) Republic of Yemen on July 5 2...
Oil Search Sale of Interest in Block 3 to Total
3/5/2012 - Oil Search is pleased to report that it has signed a Sales and Purchase Agreement to sell its 40% interest in Block 3 (Gardan) in Yemen to Total S.A. of France, for a consideration of US$44 million. A...
Nexen Confirms Exit from Block 14 (Masila)
11/23/2011 - Nexen reports that it has been informed by the Government of Yemen that its application to extend the Production Sharing Agreement (PSA) on Block 14 (Masila) has not been accepted. As a result, the PS...
Nexen Loses Oil Contract to Yemeni Firm-Agency
11/19/2011 - A top Yemen state body set up an oil company to take over the Arab country's key Masila oilfield, Yemeni official media said, replacing Nexen at the field that produced more than a 10th of the Canadia...
Total farms into an onshore block with KNOC
10/17/2008 - Total has signed an agreement with Korea National Oil Corporation (KNOC) to farm into onshore exploration Block 70 (Attaq Area, Shabwa Governorate) in Yemen with an interest of 30.875%. This agreement...
Dragon Oil concludes farm-in agreement for three blocks in Yemen
12/17/2007 - Dragon Oil announced that, in line with its corporate strategy, the company has agreed, (subject to certain required approvals), to acquire interests in Blocks 35 (10%), 49 (up to 10%) and R2 (10%) in...
Total Farms into Two Onshore Blocks in Yemen with Sinopec
12/5/2007 - Total has signed an agreement with Sinopec to farm into two onshore exploration blocks in Yemen with an interest of 40%. The agreement was recently approved by the Yemeni government. Block 69, which c...
DNO has secured a new concession through a farm-in to Block 44 in Yemen.
7/12/2004 - DNO will become the operator holding 65.1 % participating interest in the license.
Block 44 is located next to and north of Block 32, which contains the Tasour Field. Through a farm-in agreement ...

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