Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Circle Oil Awarded Block 52 in Oman

Source: www.gulfoilandgas.com 9/14/2005, Location: Middle East

Share |

Circle Oil has been awarded the licence for Block 52 in the Arabian Seas off the southern coast of the Sultanate of Oman. The Exploration and Production Sharing Agreement was signed in Muscat by Nasser bin Khamis Al Jashmi, Undersecretary at the Omani Oil and Gas Ministry and Mr. Shamil Daoud, Circle Oil's Business Director in the Middle East.

The licence is for a nine year period divided into three 3 year exploration phases. During the first phase Circle Oil will carry out reprocessing and reinterpretation of all existing data as well as the acquisition of 6000 kilometres of new reconnaissance 2D seismic data. More detailed surveying will be carried out upon evaluation of this new data prior to any drilling campaign.

Block 52 covers an area of over 100,000 sq. kms. It is an area that is a deepwater province and has had very little exploration carried out to date. All previous work focussed on the shallow, near shore waters where there were minor hydrocarbon shows in two wells drilled in 1979 and 1991.

Circle Oil's exploration efforts will concentrate on the unexplored, deeper water areas of the licence where the Company believes there is potential for a number of new hydrocarbon plays.

Exploration News in Oman >>

Brazil won't Schedule Regular Oil-Rights Auctions
  Brazil >>  9/17/2014 - Brazil does not intend to schedule regular oil exploration and production rights auctions, the top petroleum official at the country's energy ministry...
Brazil Confident New Rules Will Protect Oil Rights
  Brazil >>  9/16/2014 - Brazilian regulators were confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies such...

Ophir Finds Gas Discovery in Block R
  Equatorial Guinea >>  9/16/2014 - Ophir Energy plc announces that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. The Silenus East-1 well was...
Tethys Petroleum Limited Provided an Operational & Corporate Update
  Kazakhstan >>  9/16/2014 -  Operations

In Kazakhstan, work continues on the gas project with the dehydration equipment having now been successfully tested in ...


Brazil to Hold Oil Rights Auction in 1st Half of 2015
  Brazil >>  9/15/2014 - Brazil will hold a 13th round of oil rights auctions in the first half of next year in a sale that will include new areas in the country's promising E...
SOCAR Issues Tender for 600bcm of Two Caspian Sea Gas Deposits
  Azerbaijan >>  9/10/2014 - Azerbaijan state energy company SOCAR has issued a tender for the joint exploration of two major gas deposits in the Caspian Sea with total preliminar...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Oman Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

More News

Oil & Gas Projects in Oman >>

Oil & Gas Companies in Oman >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us