Total: Abu Dhabi boost, Yemen setback
Issue 992
- 08 May 2015
| 1 minute read
French major Total recorded relatively strong Q1 2015 results, despite turbulence in several zones of operation, including Yemen and onshore Libya (where it reported output down to 40,000 b/d). The situation in Yemen has deteriorated further in Q2, and exports from Yemen LNG at Balhaf have been shut in since early April. Total is a major player in Yemen, where its upstream assets include Block 10 (28.57%, operator) in Hadhramaut and 15% of Block 5 in Marib.
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