August 03, 2023
During the extended Initial Phase, Maha intends to implement activities necessary to support any decision regarding Block 70’s declaration of commerciality, such as preparing a detailed plan for enhanced oil recovery, such as steam, waterflooding or other production enhancement methods.
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
January 30, 2023
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
December 20, 2022
The Persian Gulf state will boost oil production to 1.175 million bpd. The ministry announced a preliminary budget for 2023 with an oil price of $55 per bbl.
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
SLB partners with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority to develop geothermal resources
December 15, 2022
Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period. The next phase will include an assessment of the economic feasibility of the development of potential geothermal resources.
April 22, 2022
KCA Deutag, a global drilling, engineering and technology provider, secured contract extensions and options totaling over $170 million, with the majority focused on extensions with existing clients across core markets in the Middle East.
April 20, 2022
Improving the imaging of the geology offshore Oman is both resolving uncertainties in the thrusts and fold belt plays and imaging the hitherto illusive stratigraphy below the decollement surface.
January 17, 2022
BP and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.
Effective management of reservoir sweep, with regard to wellbore influx, is an inherent issue affecting horizontal well lengths. As an active, self-regulating technology, autonomous inflow control devices respond to viscosity changes to choke water and gas more effectively, increasing production and sustainability.
Another mixed outlook awaits the E&P sector
The Huizhou 32-5 oil field comprehensive adjustment/Huizhou 33-1 oil field joint development project reportedly started production.
Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.