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Yemen 70 Phase Block

Sector: Government • Location: Yemen

Source: Korea National Oil Corporation (KNOC)

Project
Ongoing

The Yemen 70 Phase Block is a 1,367 square kilometer onshore block located near Block 4 in Yemen. The block was acquired by KNOC through direct negotiations with the Yemeni Government. Total, a French oil company, currently operates the block with a 50.1125% working interest. KNOC has a 12.35% interest in the block, while OMV of Austria holds 19.2375% and YGCOG of Yemen holds 5%. Samsung C&T and D

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The project “Yemen 70 Phase Block” is an infrastructure initiative in the Government sector, located in Yemen. Taiyo aggregates data on it from Korea National Oil Corporation (KNOC).

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ongoing

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Description

Description

The Yemen 70 Phase Block is a 1,367 square kilometer onshore block located near Block 4 in Yemen. The block was acquired by KNOC through direct negotiations with the Yemeni Government. Total, a French oil company, currently operates the block with a 50.1125% working interest. KNOC has a 12.35% interest in the block, while OMV of Austria holds 19.2375% and YGCOG of Yemen holds 5%. Samsung C&T and Daesung of Korea have 7.6% and 5.7% interests, respectively. The first exploratory well drilling took place from August 2008 to February 2009. Exploration works have been stopped since April 2015 due to the civil war in Yemen.

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Source reliability

High

Data quality score

100%

Source

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URL

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