Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest) and operatorship of the Damis (Block S-1) Production Licence.

The Damis (Block S-1) Production Licence holds five sizeable oil and gas discoveries - the developed and producing, until suspended in 2014, An Nagyah oil field, and a further four undeveloped oil and gas fields within the licence area - Osaylan, An Naeem, Wadi Bayhan and Hamel.

Tags: Petsec Energy Ltd