Production Sharing Agreement [Archives:2000/14/Local News]

April 3 2000

Adair Yemen Exploration Limited and partners Occidental Yemen Sabatain, INC and Saba Yemen Oil Company Limited have signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources to explore for oil on Block 20 in the Republic of Yemen.
Block 20 is located in the heart of the prolific production (currently 160,000 barrels of oil per day) operated by Yemen Hunt Oil Company.