Asset Report
Al Uqlah (Block S2)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Al Uqlah Block (S2) is located in Yemen's Marib-Shabwa Basin, 275 kilometres east of the capital Sana'a and adjacent to the prolific Block 18 fields operated by state-owned SAFER E&P. The block contains a single field, Habban, which was discovered in 2005 and operated by OMV until June 2025, when the company exited the licence. Yemen's ongoing civil war has created security challenges that have severely impacted the country's upstream sector. Force majeure was declared on the Al Uqlah block in 2015, leading to a complete field shutdown. Production later resumed in April 2018, making Block S2 the first International Oil Company (IOC)-operated asset in Yemen to restart operations. However, production was suspended again in mid-2023 six months after Houthi attacks on export terminals in southern Yemen rendered them inoperable...
Table of contents
- Summary
-
Key Issues
- Phase 1
- Phase 2
- Phase 3
- Security Challenges
- Capital costs
- Operating costs
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Royalty
- Cost oil
- Profit oil
- Income tax
- Abandonment
-
Bonuses
- Signature bonus
- Other bonuses
- Production bonuses
- Gas
- Cash flow
- Global Economic Model (GEM) File
- Cash flow
Tables and charts
This report includes the following images and tables:
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Index mapAl Uqlah (Block S2) mapParticipation
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Reserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2015-2024)Production profileCash Flow (US$)PV Table (US$)Summary Table (US$)Split of Revenues
- 6 more item(s)...
What's included
This report contains:
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