A group led by CC Energy Development SAL has spudded a wildcat 6 km east of Saiwan East heavy oil field on Block 4 in eastern Oman on a prospect similar to the field.
The B4EW3 well is on a four-way dip structure identified from 3D seismic. It is projected to 2,000 m, with drilling to take 3-4 weeks.
Primary target is the Khufai formation at 1,400 m. The secondary target is the untested Masirah Bay sandstone formation. Both formations are Neoproterozoic in age.
CC Energy Development has 50% interest in Block 4. Tethys Oil AB, Stockholm, has 30%, and Mitsui E&P Middle East BV has 20%.
