Nexen beefs up security at Yemeni oil terminal
Canadian oil company Nexen Inc. will provide the Yemeni government with a range of security solutions for the Mina Al-Dhaba oil terminal. Fearing another terrorist attack against tankers arriving at the port, the government contracted Nexen to supply wireless monitoring systems, vessels and coastguard training.
Located 800 kilometers southeast of the Yemeni capital San'a, the terminal is run by Nexen. A French oil tanker, Limburg, was blown up as it approached Nexen's terminal near the city of Al-Mukalla in central Yemen in September 2002.
Operating in Yemen since 1987, the Calgary-based Nexen derives over 50 percent of its overall oil production from the Masila Block in central Yemen. In mid-2002, production at the 14 Masila fields averaged 227,000 barrels of oil equivalent per day (bopd). Nexen is the operator of the Masila Project and has a 52 per cent working interest. — (menareport.com)
© 2003 Mena Report (www.menareport.com)