Oman-focused Masirah Oil, which is 85.37% owned by Singapore’s Rex Holding, is ramping up activity at its 8,000 b/d Yumna field located offshore Oman in Block 50. The firm awarded a drilling contract to drill three wells at the field last month – two development wells and one exploration well – with the aim of “converting more prospective resources near the Yumna field into additional reserves.” Drilling specialists Shelf Drilling say they will commence the contract this month, and Marine Traffic shows the ‘Shelf Drilling Tenacious’ currently on its way to Omani offshore.
Masirah, which began production earlier this year (MEES, 29 May) booked its reserves in October, putting 2P reserves at 9.6mn barrels but its “best estimate of gross unrisked prospective resources” is 152.3mn barrels (MEES, 30 October). The upcoming drilling aims to expand 2P reserves at the block and potentially bring the yet-to-be-drilled Yumna-2 well online, should the results prove positive. (CONTINUED - 148 WORDS)