PDO confirms new gas find
A total of five wells have recently been drilled in the field and all have found gas, with one already producing and another expected to produce shortly.
Times News Service
MUSCAT: Petroleum Development Oman (PDO) has confirmed a “significant” gas find with estimated recoverable reserves of more than four trillion cubic feet (TcF) and 112 million barrels of condensate in the northern part of its concession area.
The announcement came at the annual Ministry of Oil and Gas media briefing where the company also reported its best-ever safety performance, record investment in local companies and the creation of 14,146 job opportunities for Omanis in 2017.
A total of five wells have recently been drilled in the field and all have found gas, with one already producing and another expected to produce shortly. Work is also progressing on two further appraisal wells, with plans to expand production infrastructure. Additionally, exploration is continuing at nearby prospects. of high resolution 3D Wide Azimuth seismic data in the area in 2015. Further prospects are also being drilled. PDO also showed good compliance with government targets arising from the Opec/non-Opec agreement to limit oil production, while compensating at short notice for any shortfalls in total country supply. Average oil production was 582,196 barrels per day ( bpd).
An example of the change in efficiency was when the company’s Well Engineering Directorate carried out more than 21,000 well interventions, compared to 13,000 well entries in 2013 with the same rig and work-over hoist fleet.
It also drilled 626 oil and gas production and exploration wells reducing the average well cost by 4 per cent and the rig move cost by 12 per cent compared to 2016, through better collaboration and rig sequence optimisation.
Restucci said: “Contingent on Opec constraints, we are maintaining momentum to be ready to deliver in excess of 650,000 bpd. The company is more efficient than ever and we have raised performance across the key parts of our value chain.”
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