OMV signs deal with Yemen

DUBAI — OMV, Central Europe's oil and gas group, yesterday announces the signing of a new Production Sharing Agreement with the Ministry of Oil and Mineral Resources of the Republic of Yemen. The new deal enables OMV (Yemen) Al Mabar Exploration GmbH, a wholly owned subsidiary of OMV Exploration and Production GmbH, to conduct exploration and production activities in Block 2 (Al Mabar). OMV will start exploration as operator as soon as the Parliament of Yemen ratifies the contract.

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By A Staff Reporter

Published: Thu 14 Jul 2005, 10:27 AM

Last updated: Thu 2 Apr 2015, 4:39 PM

A Staff Reporter

Published: Thu 14 Jul 2005, 10:27 AM

Last updated: Thu 2 Apr 2015, 4:39 PM

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