Oman : OMAN'S Trade revenue mounts USD 5.68bn.
Occidental Oman (Oxy), the biggest independent oil and gas producer in the Sultanate, seeks to uncover the hydrocarbon potential in its Block 53 licence.
Adnan Al Lawati, vice president operations said, Recently we have started our exploration programme where we are looking for more opportunities within the block.
He added, Our major focus is on developing the Gharif reservoir which holds about 2.5 billion barrels of oil in place. There is also a shallower opportunity with an estimated 800 million barrels of oil in place in a place called Kahmah.
The development area is about 300 sq km. There are two structures the North Structure and South Structure, described Al Lawati.
The field holds over 3 billion barrels of oil in place in the ground. This is distributed between sandstone with around 2.5 billion barrels, and carbonate fractures with around 800 million barrels of oil in place. (The latter) has been a bit challenging for development. However both of these are heavy oil, which require steam infrastructure.
Block 53 controls the Mukhaizna field where Oxy and its allies have endowed in the development of one of the globes biggest steamflood projects to generate heavy oil from its sandstone reservoirs.
In 2015, production from the Mukhaizna field averaged 122,000 barrels per day (bpd), denoting around 50% of Oxys net production of about 233,000 barrels of oil per day from its assets in Oman.
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Mar 29, 2016|
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