PDO hits large gas-condensate discovery near Saih Rawl

Petroleum Development Oman reported a giant gas-condensate discovery in the northern part of its concession area 40 km west of Saih Rawl field.

PDO estimated that the Mabrouk Deep discovery has 2.9 tcf of gas and 115 million bbl of condensate in place. Exploratory drilling took place in 2012 at depths of up to 5,000 m, and the field’s areal extent is about 60 sq km. The company disclosed no other details.

Meanwhile, PDO said it made five new oil discoveries in 2012 totaling 300 million st-tk bbl of initial oil in place in the Cretaceous Shuaiba and Permian Gharif reservoirs.

PDO also said its 2012 oil, gas, and condensate production was the highest in its history at 1.24 million b/d of oil equivalent, exceeding the previous 1.21 million boe/d mark set in 2001.

The company increased its oil production to an average 566,305 b/d. Also, daily production of nonassociated and associated gas stood at 582,500 boe/d with condensates at 92,500 b/d. PDO accounts for 70% of the country’s oil production and nearly all of its gas output.

PDO’s Exploration Directorate plans to drill 100 wells in the next 5 years and spend more than $800 million in its search for new reservoirs. By 2022 sixteen megaprojects with a combined value of more than $11 billion are targeting the development of more than 1 billion bbl of oil.

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