Yemen oil deals for RI firm

Yemen oil deals for RI firm

SANAA (Reuter): An Indonesian oil firm signed two deals to
explore for oil in eastern Yemen, Sanaa state television
reported.

It said on Friday night that Indonesia's PT Bakrie & Brothers
would start exploration work in two concession areas in the
provinces of Shabwa and Hadhramaut once the Yemeni parliament
approves the deals.

It did not say when parliament would review the contracts.

According to the deals, Bakrie will spend US$34 million on
initial exploration work in a 7,400 sq kms (2,856 sq miles) area
in Hadhramaut's Block 13.

In Shabwa's R2 region the company will spend $19 million on
initial explorations of a 2,850 sq kms (1,100 sq miles) area.