Masirah Oil Completes Upgrade of Yumna Field Process Facilities

Source: www.gulfoilandgas.com 3/17/2021, Location: Middle East

Rex International subsidiary Masirah Oil has announced completion of the upgrade to the Yumna field process facilities, which has more than doubled the liquid handling capacity on the Mobile Offshore Production Unit (MOPU) to 30,000 barrels per day.

Following the upgrade, the Yumna field has been tested steadily over the last week at rates of 20,000 barrels of oil per day. The production rate will be regularly optimised and has now been choked back in accordance with the reservoir management plan, aimed at maximising recovery from the field.

Mr Dan Broström, Executive Chairman of Rex, said:

'We are pleased to start production from all three Yumna production wells earlier than expected. We now have upgraded facilities with ramped up liquid handling capacity and optimised production cost of US$80,000 per day for the three Yumna production wells. The recent run-up of Brent oil prices, if sustained, would be beneficial to our sales revenue.'

Masira Oil holds a 100 per cent interest in Block 50 Oman and is the operator.


Norway >>  7/6/2022 - A number of fields on the Norwegian Continental Shelf now have revised production licences authorised by the Ministry of Petroleum and Energy (NCS). I...
Australia >>  7/4/2022 - Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on operations at...

United Kingdom >>  7/4/2022 - IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, has released an updated Investor Presentation incorporating ...
Kuwait >>  6/30/2022 - Dr. Muhammad Abdul Latif Al-Fares, His Excellency the Deputy Prime Minister, Minister of Oil, and Minister of State for Council Affairs, led the State...

Kuwait >>  6/30/2022 - Today, Thursday, the members of the (OPEC +) coalition decided to increase output by 648,000 barrels per day in August. Following the 30th ministerial...
Norway >>  6/30/2022 - The authorities have granted consent to start production from the Nova field in the North Sea. Nova will be developed with two seabed templates, one f...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.