DNO Takes Operatorship of Block 52 in Yemen
Through a farm-in, DNO has acquired a 57.78% participating interest as operator in Block 52 in Yemen. Block 52 is located in the Sayun-Masila Basin, close to DNO's existing license interests in Yemen. The farm-in is based on a work program commitment consisting of seismic data acquisition and the drilling of exploration wells.
Following the farm-in, the license partners in Block 52 consist of DNO (57.78%), Ansan Wifks (22.22%) and The Yemen Company (20% carried).
Commenting on the Block 52 farm-in, Helge Eide, Managing Director of DNO ASA said "We are very pleased with this latest addition to our extensive license portfolio in Yemen. Based on our long-term strategy of creating value through low cost exploration and development, we now look forward to focusing on the resource opportunities in Block 52."
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