Yemen Monitor/Marib/Exclusive:
Yemen’s Safer Oil Company has announced the launch of a submersible pump (ESP) project in the Unity-2 well, with a production capacity of approximately 800 barrels per day of crude oil.
The company’s executive director, Salem Kaiti, explained that “this project represents the first phase of developing a number of dead wells due to low pressures and returning them to production, which will lead to an improvement in oil production in Block 18 located in Marib Governorate (east).”
He pointed out that the project comes within the company’s vision with direct follow-up from the leadership of the Ministry of Oil and Minerals and the attention and support of the Presidential Leadership Council and the government to develop the oil sector.
Safer Company produces about 40,000 barrels of oil per day, and also produces domestic gas with a production capacity of 800 metric tons per day, dedicated to domestic consumption and is the sole producer of liquefied natural gas and the source for the liquefaction plant in the port of Balhaf in Shabwa Governorate on the Arabian Sea.
It is worth noting that oil extraction in Yemen began in 1986 for the first time in Marib Governorate in Block 18 in Safer area at a rate of 10,000 barrels per day, and by 2010, crude oil production reached 100 million barrels annually.
The Safer pipeline was built in 1987 with a length of 438 kilometers to Ras Issa port in Hodeidah Governorate on the western coast of Yemen at a cost of one billion dollars.
The halt in exports has caused a severe financial crisis for the internationally recognized Yemeni government, exacerbating the economic and humanitarian crisis in the country.
On August 4th, the Yemeni government announced that it had incurred financial losses estimated at $1.5 billion due to the halt in oil exports.
