(Courtesy Rex International Holding)<\/p>\n
Offshore staff<\/p>\n
SINGAPORE Rex International Holding has issued the findings of a report by RPS Energy Consultants on block 50 offshore Oman.<\/p>\n
This estimates 2P reserves at the producing Yumna field at 9.6 MMbbl as of July 1, 2020.<\/p>\n
Surrounding areas, however, could contain more than 152 MMbbl in 14 further prospects identified by a 1,500-sq km (579-sq mi) 3D seismic survey over the area around Yumna.<\/p>\n
In February 2012, a report by Aker Geo and Pareto Asia over the entire block had calculated gross unrisked prospective resources at more than 4 Bbbl.<\/p>\n
Rexs 86.37%-owned subsidiary, Masirah Oil operates block 50 with a 100% interest.<\/p>\n
Dan Brostrm, Rexs executive chairman, said: The Yumna field is only a small part of the entire block 50 concession, which is about 17,000 sq km [6,564 sq mi] the licenses full potential, including in the sub-Melange area outside of the Yumna field, has not been evaluated in this [RPS] report.<\/p>\n
For economies of scale, our short-term focus would be to drill the Yumna 2 production well and most likely the Yumna 3 well near the current producing Yumna 1 well and select the location of the next exploration well to be drilled in 2021, from the 14 identified prospects near the Yumna field.<\/p>\n
If successful, another discovery will enable us to develop the prospective resources into reserves.<\/p>\n
10\/28\/2020<\/p>\n
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Read more from the original source: <\/p>\n
More than 150 MMbbl in prospect close to Yumna offshore Oman - Offshore Oil and Gas Magazine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" (Courtesy Rex International Holding) Offshore staff SINGAPORE Rex International Holding has issued the findings of a report by RPS Energy Consultants on block 50 offshore Oman. This estimates 2P reserves at the producing Yumna field at 9.6 MMbbl as of July 1, 2020 Continue reading