USD 63.9542

-0.06

EUR 71.1299

+0.23

BRENT 59.29

-0.01

AI-92 42.27

0

AI-95 46.03

0

AI-98 51.79

-0.04

Diesel 46.19

+0.03

28

DNO Hits Record Production at Block 8, Oman

Norway's DNO International announced Wednesday that its offshore Block 8 concession in the Sultanate of Oman has hit record production, having climbed to a daily rate of 20,000 barrels of oil and condensate along with 60 million cubic feet of gas.

DNO Hits Record Production at Block 8, Oman DNO Hits Record Production at Block 8, Oman

Norway's DNO International announced Wednesday that its offshore Block 8 concession in the Sultanate of Oman has hit record production, having climbed to a daily rate of 20,000 barrels of oil and condensate along with 60 million cubic feet of gas.

The increase, which represents a near tripling of oil and condensate production and near doubling of gas production from the block, was thanks to a two-well drilling program conducted by DNO in the West Bukha field.

Block 8, which contains Oman's only offshore producing fields, is one of seven Middle East and North Africa licenses acquired by DNO through its merger with RAK Petroleum earlier this year.

"With the success of these wells we are taking a fresh look at the West Bukha and Bukha fields and our other offshore assets and believe there is further potential to grow production and reserves in this area," DNO Executive Chairman Bijan Mossavar-Rahmani said in a company statement.

The Noble Roy Rhodes (250' ILC) rig will now be moved to begin drilling an appraisal well in the Bukha gas-condensate field.

DNO holds a 50-percent interest in Block 8, where it is the operator. Korea's LG International holds the remaining 50-percent interest

Source : Neftegaz.RU