Yemen has produced some 107,415,000 oil barrels from 12 oil blocks in 2008, the GPC-run al-motamar.com reported on Monday. A report issued by the Ministry of Oil showed that the minimum monthly production reached 8,384,000 barrels in November 2008 and the maximum monthly production was 9,653,000 barrels in January.
Al-Masillah block No. 19 ranked first in oil production with 34,663,000 barrels (32 percent) and followed by block No. 18 in Marib and Jawf governorates.
The government expects to complete the Liquefied Natural Gas LNG project and to export the first gas shipment before the end of 2009.
Oil and gas production commenced in Yemen in 1986 with production levels remaining within the region of 320,000 barrels per day in 2008.
The proven gas reserves in Yemen are sufficient to produce and export 6.7 million metric tones of LNG per annum (mmtpa) for at least the next 20 years. The reserves within the Marib area which are currently dedicated to the project include 9.15 trillion cubic feet (TCF) of proven reserves with 1 TCF allocated for use in the domestic market, and an additional 0.7 TCF of probable reserves.