Armies of Liberation

Jane Novak's blog about Yemen

Yemen Plans to Invite Major Oil Firms to Bid, Again

Filed under: A-NATURAL RESOURCES, Oil, Yemen — by Jane Novak at 9:48 pm on Thursday, February 26, 2009

Last year’s failure becomes this year’s PR stunt. But really with the piracy, corruption and terrorists, off shore drilling is quite a risk.

EIC
Stung when companies shunned its offshore tender round last year, Yemen plans to invite leading majors including Exxon Mobil, Royal Dutch Shell, Chevron and Total to enter into direct negotiations for any remaining blocks, Yemen’s top exploration official told International Oil Daily on Monday.

Good luck with that.

1 Comment »

1

Comment by Suleiman Aldailami

3/10/2009 @ 11:40 am

I cannot imagine why any company would want to risk investing in Yemen due to the massive scale of government corruption. The risk reward is simply not there.

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