Sunday, 19-August-2018 06:32
 
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Economy
Almotamar Net - An official report presented recently to the Yemeni cabinet mentioned that oil indicators in Yemen are very satisfactory and in the process of increasing positively. It added that has been so far exploited in the oil blocks in the frame of oil map does not exceed 18% of the total map.

Monday, 27-August-2007
Almotamar.net - An official report presented recently to the Yemeni cabinet mentioned that oil indicators in Yemen are very satisfactory and in the process of increasing positively. It added that has been so far exploited in the oil blocks in the frame of oil map does not exceed 18% of the total map.

The report confirmed that the geological information on the Empty Quarter basin confirmed possession of the south of the basin of good petroleum potentials and the petroleum specifications are similar to that in the central and western parts of the basin. It indicated there is big development in the oil and natural gas reservoir. The oil reservoir reached 10.4 billion barrels and for the natural gas 18.2 trillion cubic feet.

According to nbanews.net website quoting the report it has been revealed that the number of oil blocs this year rose to 100 blocks compared to 87 last year. It attributed the rise to the process of development and modernisation made by the ministry of oil and minerals in the blocks map in line with activities and geological data and geophysical information.

The report said there are 13 oil companies working in Yemen operating in 25 exploratory bocks and d 10 companies operating in production bocks and 40 world companies operating in auxiliary oil services to drilling operations. The report also revealed the existence of 11 sea oil blocks in Socotra, the Red Sea and the Aden Gulf.
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