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DNO International ASA, the Norwegian oil and gas company, provides a drilling and operations update on its activities in Yemen as follows:
DNO International has resumed active drilling operations in Yemen following the return to the country of service contractors and rig personnel.
On Block 32, the Tasour-27 well, the first in a new drilling campaign to be undertaken by DNO International, was spud on 2 July using the ZEPB Rig 905, recently serviced and now under long-term contract to the Company.
On Block 53, operated by Dove Energy, the Bayoot-11 well is drilling ahead and has reached a depth of 2,800 meters.
On Block 47, DNO International and partners Geopetrol and state-owned Yemen Oil, Gas & Minerals Co. executed on June 21 the charter of South Hood, the first joint operating company set up under a new model for upstream development and production activities in the country. First oil from the Yaalen discovery on the block is expected by the end of 2013 with the installation of early production facilities capable of delivering 5,000 barrels per day, followed by a permanent facility with a capacity of 10,000 barrels per day at a later stage. DNO International holds a 50 percent stake in Block 47.
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