Oil Search Ltd. launches oil exploration in Mukalla [Archives:2002/38/Local News]

The governor of Hadramout, Abdulqader Ali Helal, has launched Sept.7 the quake survey project for oil exploration in Marine sector No. 15 in Mukalla. The exploration privilege was given to an Australian company, Oil Search Company. In the inauguration ceremony Mr. Helal was briefed on the project objectives. In an exclusive statement for the Yemen Times, Mr. Ian Criss, Project Manager of Oil Search Ltd. said that this is the most important project for the company outside Australia. He indicated that the Quake survey project which is carried out by a Norwegian company is estimated at US $ 10 millions to collect data and more details about the underground oil. He said that the targeted area of survey is about 1935 km stretching from Mukalla to Sayhoot in Mahara and will take about 3 months.The excavation process will be initiated in 2004.
It is worth mentioning that the Italian company, Jeep was the first to discover the oil in this area but its excavation did not continue.

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