The Omani subsidiary of Thailand’s PTT Exploration and Production (PTTEP) has revealed it expects to more than triple crude oil and condensate production at its Block 44 concession from next month. Output at the concession, situated in the sultanate’s northwest, is set to hit 5,000 b/d, from around 1,500 b/d currently.
The increase comes on the back of a successful campaign in which seven development and appraisal wells were drilled over the first three quarters of 2012, PTTEP CEO Tevin Vongvanich said, noting the additional output would come from wells in Oman’s Munhamir and Shams-E South fields some 300km west of the capital Muscat. (CONTINUED - 311 WORDS)
