almotamar.net - The Trans Globe oil company announces joining the Occidental company for explorations in Yemen at the oil block 75 covering an area of 1.o50 square km in Hadramout basin, the governorate of Mareb.

Globe Company affirmed that its percentage of the new field is 25% and it will begin its exploration. The new oil field is situated close to block 5-1 where it is to conduct exploration with Occidental company. According to the agreement the Yemeni TG Holing Ltd company, a branch of Occidental the Globe Company takes one quarter of the block's shares and the Occidental company takes the rest of shares and managing the block.
According to Oil Week the Trans Globe company is taking part in explorations in five areas covering an area of more than 520.000 hectares in Yemen. The also carries out the development and production of oil and gas in Yemen in addition explorations.