The first oil production block in the Republic of Yemen, it's located in (Marib-Shabwa) basin, With area of (8479) Km2.
Block (18) operated by Safer Exploration and production operation Company, and It is one of the biggest oil blocks.
The main reservoirs in the block are (Alif Sand) and (Seen Sand).
In General it contains 14 fields with an average production of (75,000) BOPD. The total number of wells ware 605 until June 2005.
The block is connected with the export Terminal of Ras Essa in Hodeida province by pipeline (long of 340 Km and 24 inches diameter), with maximum capacity of 400,000 BOPD.
The produced oil is light oil in the different fields with a density between (35-48) (API), in addition to a big gas reserve, which is not invested nor exploited so far.
http://www.pepa.com.ye/oilcompanies.htm
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held