Output at Oman’s Blocks 3 & 4, operated by Lebanese independent Consolidated Contractors Energy Development (CCED), surged to record highs in 2016. Production broke above 40,000 b/d in January 2016 for the first time with a record 42,100 b/d, and averaged above 40,000 b/d for each quarter last year. Based on January-November data, MEES calculates annual output of 40,400 b/d, up 25% on 2015’s 32,325 b/d.
CCED operates the two blocks with a 50% stake alongside Sweden’s Tethys Oil (30%) and Japan’s Mitsui (20%). (CONTINUED - 664 WORDS)
