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home > Operations > E & P worldwide > MIDDLE EAST > Yemen
Yemen
 
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Yemen 70

(As of Feb, 2019)

Phase Block Operator Reporting to Gov. Korea’s Share KNOC’s Share Korean Participants
Exploration 70 Total June 2005 25.65 12.35 Samsung C&T Daesung
 

In April 2005, KNOC concluded a PSC for Block 70, a 1,367 square kilometer onshore block near Block 4 in the middle of Yemen through direct negotiations with the Yemeni Government.


At present, a French oil company Total operates the block with 50.1125% of working interest. KNOC has a 12.35% interest while OMV of Austria has 19.2375% and YGCOG of Yemen, 5%. Samsung C&T and Daesung of Korea have 7.6% and 5.7%, respectively.


The first exploratory well drilling was performed from August 2008 to February 2009. In April 2015, Total(Operator) announced ‘Force Majeure’ due to Civil War in Yemen and Exploration works have been stopped.

 
Department Contacts Updated
Updated : 2019-02-26 Department : Asia Business Unit. Contacts : +82)52-216-3756
 

Yemen LNG

(As of Feb, 2019)

Project Reporting to Gov. Korea’s Share (%) KNOC’s Share (%) Korean Participants
Yemen
LNG
Feb. 1997 21.43 1.06136 SK, Samwhan, Hyundai, KOGAS
 
KNOC acquired a stake of Yemen LNG(YLNG) which produces LNG in its Balhaf plant in southern Yemen with gas supplied from Block 18 in the Marib area. Facility has been shut-down since April 2015 declaring Force Majeure on account of civil war in Yemen
 

Project Status

Facilities Date of completion Note
Plant Train 1 Aug. 30, 2009 Production began on Oct. 15, 2009
First cargo on Nov. 7, 2009
Train 2 Mar. 31, 2010 Production began on Apr. 1, 2010
No. of Load 500 cargoes as of June 2015
 
Department Contacts Updated
Updated : 2019-02-26 Department : Asia Business Unit. Contacts : +82)52-216-3747

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