PGNiG has started the second stage of exploration in Ras Al Khaimah, advancing work on design and location arrangements for the operator’s first exploration well on License Block 5.
The first phase consisted of a 3D seismic survey implemented by Geofizyka Toruń, a PGNiG Group company.
The operator expects to drill the well to a maximum depth of 3,500 m at a location based on the seismic analysis. Preparations for tenders to select drilling and other service contractors has begun, and drilling is expected to begin in third-quarter 2022.
Work on PGNiG's 619-sq km concession in Ras Al Khaimah is being carried out over three 2-year exploration periods, with the possibility of an extension to the final exploration period if appraisal is ongoing. This is followed by a 30-year production period. After each exploration period, the license interest may be relinquished.
An exploration and production sharing agreement was signed by PGNiG and RAKPA and RAK GAS LLC in January 2019 (OGJ Online, Jan. 17, 2019). A PGNiG branch was established in the Emirate and was granted an operating license in April 2019.
