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Geopetrol, PEPA reach deal on Block 80 in Hadramout

The Petroleum Exploration and Production Authority (PEPA) has reached a deal with Geopetrol Company to invest in Block 80 at Wadi Sar in Hadramout province.

Chairman of the PEPA Nasr al-Homaidy told Saleh that the process of negotiation with the company reached an agreement on the technical and financial conditions set by the negotiating committee for the oil companies wishing to invest in this block.

The Switzerland-based Geoperole Company is currently working as an operator in France and India and participating in a number of sectors in Vietnam, Myanmar and Yemen.