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CC Energy group's Oman oil output sets mark

The CC Energy Development SAL group’s test production from the early production system on blocks 3 and 4 onshore Oman averaged a record 11,658 b/d in March 2012.

Long-term production tests have been carried out on wells from both Saiwan East field on Block 4 and Farha South field on Block 3. Production rates continue to vary depending on test program design and available capacity.

CC Energy Development is operator with 50% interest. Tethys Oil AB has 30%, and Mitsui E&P Middle East BV has 20%. A field development plan has been submitted for the two blocks.

Meanwhile, Tethys Oil said its independently audited net working interest resource base in Oman was 9.8 million bbl of 2C contingent resource as of Dec. 31, 2011. Consultants estimated the contingent resource in the Barik layer on Block 3 and the Khufai layer on Block 4.

The estimates are limited to reservoirs on production or reservoirs likely to be put on production in 2012 in fault blocks that have been penetrated by producing wells. Further extensions of the production layers as well as other reservoirs on the licensed blocks that did not have production were not included.

The company’s internal estimate of the prospective resource attributable to mapped prospects and leads in the Farha South 3D area ranges from 3 million to 16 million bbl of oil.


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