Oman discovers more oil in Mabrouk Deep

oilfield4Petroleum Development Oman (PDO) has revealed that Mabrouk Deep, 40 km west of Saih Rawl, has estimated in-place volumes amounting to 82.1bn cubic metres of gas and 115mn barrels of condensate

Exploratory drilling took place in 2012 at depths of up to 5,000m and a large field of some 60 sq km was located.

In addition, there were five new oil discoveries last year, amounting to approximately 300mn barrels of stock tank oil initially in place from Shuaiba and Gharif reservoirs.

Raoul Restucci, PDO's managing director, said, "The scale of the find at Mabrouk will enable a further significant boost to economic growth and social development."

Daily oil production stood at 566,305 bopd, non-associated and associated gas stood at 582,500 bopd and condensates stood at 92,500 bopd.

Restucci added, “PDO accounts for around 70 per cent of the country’s crude oil production and nearly all of its natural gas supply so there is a huge onus on us to find and develop new fields of a challenging or unconventional nature to replace those that are declining.”

Restucci said 2013 would see an intensification of effort in key areas such as exploration, enhanced oil recovery, business efficiency, in-country value and social investment.

He also highlighted the exploration directorate was planning to drill around 100 wells over the next five years and spend more than US$800mn in its search for new reservoirs.

By 2022, Restucci said there would also be 16 significant new projects comprising over US$11bn of investment, with a target of developing over a billion barrels of oil.

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