Country report
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10 Pages

Yemen oil supply summary

Yemen oil supply summary

Report summary

Yemen is a non-OPEC Middle East oil/NGL producer, and experienced rapid capacity growth between first production in 1986 and a peak of 450,000 b/d in 2001.  Production has declined steadily since and, in 2010, output averaged 280,000 b/d.  In the absence of further discoveries, reserves will be depleted over the next decade. Security issues and political tensions have led to frequent attacks on the Marib Export Pipeline, lowering output, which averaged 131,000 b/d in 2013.

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  • Yemen oil supply summary PDF - 1003.63 KB 10 Pages, 4 Tables, 7 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream supply issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream supply report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Oil/NGL production outlook and world ranking
  • Policy and regulation
    • Historical developments
    • Recent developments
    • Recent government policy
  • Supply
    • Risks and uncertainties
    • Commercial developments
      • Key commercial contract areas
    • Under development/probable
    • Other discoveries
    • All of Yemen's technical reserves are onshore and account for around 260,000 barrels of recoverable reserves. They are mostly located in the large commercial blocks mentioned earlier. Several of these have been in secondary reservoirs, such as the Kohlan Formation and the basement, in which long-term productivity and commercial viability remain to be confirmed. Appraisal programmes are under way on most of these. Development decisions are expected to be impacted by the ongoing security situation.
      • Key other discoveries
    • Reserves growth
    • Yet-to-find
  • Infrastructure
  • Quality
    • Marketed blends
    • Crude quality outlook

In this report there are 11 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
  • Policy and regulation
  • Supply
    • Risks to production
    • Overall oil/NGL production outlook to 2030
    • Supply: Table 1
    • Key under development fields
    • Supply: Table 3
    • Forecast exploration drilling activity and oil/NGL discovery rates
  • Infrastructure
    • Main oil/NGL infrastructure
  • Quality
    • Key crude streams and characteristics in 2014
    • Quality: Table 1
    • Crude quality distribution
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