"The UAE and Yemen have strong and long-standing links and we look forward to building on these in our new relationship with
YICOM.
A unit of Abu Dhabi investment fund Mubadala said on Sunday it signed a preliminary agreement with Yemen Company for Investments in Oil & Minerals (
YICOM) for exploration and production of oil and gas in Yemen.
KEC's partners are: Kuwait's KUFPEC (20%), Yemen Company for Investment in Oil & Minerals (
YICOM - (20%), ExxonMobil (15%), Total (15%), and Newco (15%).
Until KNOC came in to operate its 91 wells, the block used to be operated by the state-owned
YICOM. The block is connected with the export terminal of Bir 'Ali in Shabwa province by a 204-km, 21-inch pipeline with a design capacity of 500,000 b/d.
Until KNOC came in to operate its 91 wells, the block used to be operated by the state-owned
YICOM. The block is connected with the export terminal of Bir Ali in Shabwa province by a 204-km, 21-inch pipeline with a design capacity of 500,000 b/d.