Yemen Invites Bids for 15 Oil, Gas Exploration Blocks

Yemen has invited international firms to bid for 15 offshore and onshore oil and gas exploration blocks, the country's oil ministry said Wednesday.

Firms that want to participate have until April 20 to submit their letters of intent, the ministry said in a statement.

The ministry added that it was offering 10 offshore blocks and five onshore blocks.

Earlier this month, Yemen accepted bids from nine oil companies to operate five onshore and offshore blocks, which it recently put on offer. Those selected included Hunt Oil Co., Circle Oil, Pakistan Oil Fields and Guney Yildizi Petroleum.

Copyright (c) 2012 Dow Jones & Company, Inc.

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