Gulf Oil and Gas accountACCOUNT

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 >>

Israel >>  11/15/2017 - Israel said it received bids to explore for oil and gas in its economic waters from Greeceís Energean and a consortium of Indian firms including ONGC ...
Oman >>  11/14/2017 - The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC...

Morocco >>  11/13/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its KSR-15 development wel...
Norway >>  11/13/2017 - Norway's Petroleum Safety Authority has given Aker BP consent to drill exploration well 24/9-12 S in production licence PL 340. Drilling is scheduled...

Brazil >>  11/10/2017 - Brazilís government expects to raise around 3 billion reais ($916.98 million) in signing bonuses in an auction of blocks in Brazilís coveted pre-salt ...
Lebanon >>  11/10/2017 - Lebanonís Energy Minister called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin ...

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 | 7 | 8 | 9 |

Oil & Gas Projects in Oman >>

More News

 

Oil & Gas Companies in Oman >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.