Page 14 - MEOG Week 01

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The well had produced from all zones tested, at a maximum combined flow rate of over 3,900 barrels of oil per day (bopd). With the inclusion of test production, gross production from the Taq Taq field was currently c.13,650 bopd.
‘Individual zone testing is now underway, which will determine the long-term production strategy. Genel expects the well to be placed on production around the middle of January with an initial flow rate of 1,500-2,000 bopd,’ Genel said.
A rig had mobilised to the TT-35 well, also on the northern flank of the field, which was now preparing to spud, it added.
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Oman’s oil production tops 324 million barrels
The Sultanate’s oil production, including condensates, stood at 324.3 million barrels till the end of November 2019, compared to 326.3 million barrels, according to the latest data released by the National Centre for Statistics and Information (NCSI).
Of the total production, crude oil production was down by 3 per cent at 281.3 million barrels while condensates production rose by 18.7 per cent to touch 42.9 million barrels.
Oman recorded a daily average crude oil production of 971,000 barrels at the end of November 2019, against 977,100 barrels over the same period of 2018, the NCSI report added.
However, the average price of Oman crude fell by 7 per cent to reach $63.9 per barrel till the end of November 2019, from $68.7 per barrel in the same period of 2018.
The Sultanate exported 281.7 million
barrels of crude oil till the end of November 2019, against 269.2 million barrels for the same period of 2018, which is an increase by 4.6 per cent.
China retained its position as the leading destination for the Sultanate’s crude oil exports at the end of November 2019, with the country importing 219.7 million barrels of crude oil from the Sultanate.
This was followed by Japan (21.43 million barrels), India (14.77 million barrels) and South Korea (7.48 million barrels).
The Sultanate produced 357.1 million barrels of oil and exported 289.2 million barrels in 2018. Besides, the country’s daily oil production stood at 978,400 barrels last year.
The Sultanate’s natural gas production and imports rose 0.8 per cent to 42.194 billion cubic metres (MNCM) at the end of November 2019, from 41,844 billion MNCM for the same period of 2018.
Of this, non-associated gas and imports rose by 0.1 per cent to 34.550 billion MNCM and associated gas production rose by 4.1 per cent to 7.644 billion MNCM, added the NCSI report.
The use of natural gas in industrial projects rose by 3.8 per cent to reach 26.087 billion MNCM at the end of November 2019, against 25.131 billion MNCM for the same period of last year. As much as 8.886 billion MNCM of natural gas was used in oil fields, against 8.751 billion MNCM units consumed for the same period of 2018.
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Petrofac secures PDO contract
Petrofac has been awarded contracts worth a total of $139 million for two upstream projects
by Petroleum Development Oman (PDO). The new contract award, under a 10- year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement
and Construction Management (EPCM) services contract for the Mabrouk North East Development Project in Oman.
The full field development of Mabrouk North East field is planned to be executed in a phased approach. The 34-month project scope awarded involves the development of 16 gas producing wells and export of the production to the Saih Rawl Central Processing Plant. The project will be integrated with the Mabrouk North East Line Pipe Procurement Project, which was awarded to Petrofac in June 2019.
The other scope of work awarded is to provide further services for PDO’s yibal Khuff Project. This 20-month contract includes detailed engineering, procurement, and support for construction and commissioning of nine additional wells to improve overall plant production, and laying of gas pipeline from yibal “A” to the main processing facility.
The yibal Khuff Project, originally awarded to Petrofac in June 2015, is already in an advanced phase of construction and pre- commissioning, and the delivery of additional wells is to be synchronised for overall readiness.
Elie Lahoud, Group Managing Director, Engineering & Construction said: “This latest project award under the long-term framework agreement with PDO for Mabrouk North East, and additional scope of work for the yibal Khuff Project, both further underpin our significant track record and commitment to delivering value in Oman. Our focus will remain on safe operations and maximising in-country value through the continued development of local workforce competence and strong supply chain partnerships”. PetrofaC
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Week 01 08•January•2019