135
The Group manages its operations in Yemen from its office in Sana’a. The working interests of the Group and its JV
partners in the assets the Group holds in Yemen as at the date of this Offering Memorandum are as follows:
Fiscal
regime
(1)
JV partners
Revenue interest
(%)
(2)
Cost interest
(%)
(3) (4)
Asset
Block 5......... PSC
Kuwait Energy (JHOC)
(5)
15.00
15.00
Kuwait Foreign Petroleum Exploration
Company (“
KUFPEC
”)
20.00
20.00
Yemen Company for Investment in Oil &
Minerals (“
YICOM
”)
20.00
20.00
Total
15.00
15.00
Exxon
15.00
15.00
Newco (Private Limited) Enterprises S.A. 15.00
15.00
Block 43.....
PSC
Kuwait Energy
28.33
33.33
DNO International
(5)
56.67
66.67
The Yemen Company (“
TYC
”)
15.00
Carried
Block 49.....
PSC
Kuwait Energy
(5)
64.00
75.29
Consolidated Contractors Company
(“
CCC
”)
21.00
24.71
