Oxy Oman, a subsidiary of Occidental Petroleum Corp, has achieved a significant milestone in Oman’s Block 65. The near-field exploration well delivered an impressive initial production test, reaching 6,000 barrels of oil equivalent (BOE) per day. This test stands as the highest initial production recorded in Oman in the past decade. The remarkable outcome highlights the company’s exceptional subsurface characterization techniques, further cementing its position as the largest independent producer in Oman.
Vicki Hollub, President and CEO of Occidental Petroleum Corp, highlighted their strong collaboration with the Ministry of Energy and Minerals in Oman as a crucial factor driving their success. The fruitful partnership has yielded positive outcomes, further bolstering the company’s optimistic outlook for future ventures in the country.
After being awarded Block 65 in 2019, Oxy Oman commenced drilling operations which showcased exceptional initial production rates and an impressive turnaround time. The well swiftly transitioned from completion to production and sales in under a month, highlighting the efficiency and effectiveness of the process.
Oxy Oman has also achieved significant success in their ongoing exploration program, particularly in extensive onshore hydrocarbon assets. In 2022, they made 12 new oil and gas discoveries. Many of these discoveries were in Block 9, where the company has majority ownership. Block 27 and Block 53 contributed to the discoveries. This highlights the company’s commitment to sustainable growth and solidifies its position as Oman’s largest independent producer.
Oman made new oil discoveries in June 2022. These discoveries are expected to boost output by 50,000 to 100,000 b/d within two to three years, according to Energy Minister Mohammed Al-Rumhi.
Oman is increasing exploration activities to sustain or enhance oil and condensate production, as per Al-Rumhi’s statement.
Currently, Oman has 5.2 billion in oil reserves and 24 trillion cubic feet (Tcf) of gas reserves, he added.
Oman aims to increase its oil and gas output by partnering with international oil companies. Shell and BP are among the key operators in the country, aiding in this endeavor.
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